Negative equity in US 'widespread'
Updated on 11 November 2008
Nearly a quarter of all homes with mortgages in the US are in negative equity, figures have showed.
First American CoreLogic, a real estate data company, found 7.6 million properties in the country were worth less than the mortgage as of September 30, while another 2.1 million were within striking distance.
The 20 areas hardest hit by this were all in four states - Nevada, California, Florida, and Arizona.
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