
Podcast: Real estate markets — 20 percent of mortgages under water nationally
High foreclosure rates and negative equity continue to haunt real estate markets across the nation. In fact, a new report states that about 20 percent of mortgages nationally are under water. Jay Butler, associate professor of real estate at the W. P. Carey School and author of the monthly Realty Studies report, says that July delivered more of the same — a bumpy ride along the bottom — for the Phoenix market. Arizona has been a focal point for the real estate collapse, but with soggy conditions across the country, is that still true?
High foreclosure rates and negative equity continue to haunt real estate markets across the nation. In fact, a new report states that about 20 percent of mortgages nationally are under water.
Jay Butler, associate professor of real estate at the W. P. Carey School and author of the monthly Realty Studies report, says that July delivered more of the same — a bumpy ride along the bottom — for the Phoenix market. Arizona has been a focal point for the real estate collapse, but with soggy conditions across the country, is that still true?
Latest news
- The surprising dynamics of CMO pay
New research reveals revenue risks of unequal C-suite compensation.
- Inflation nearly flat in metro Phoenix while US prices continue to climb
Inflation is at an all time low in the metro Phoenix area as new inflation report shows recent…
- Stay or go?
New research indicates that societal pressure can influence employees' decisions to leave their…