9 cities that can’t seem to recover from the housing crisis


Thousands of homeowners are being left behind by the housing market recovery.

In nine cities in the U.S., more than one in five homeowners owns a home that is seriously underwater (compared with only about one in 10 across the nation) — and few who live in those markets have built up a lot of equity. “Those are markets that have been left behind,” says Daren Blomquist, vice president at real-estate research firm ATTOM Data Solutions.

That’s in contrast to the overall housing market, which is having a solid recovery: As of the second quarter of this year, just 11.9% of homes in America were seriously underwater — meaning that the loan amount for that home was at least 25% higher than the property’s estimated market value — down from more than 13% in the second quarter of last year and roughly 28% at the start of 2012, according to data released Thursday by ATTOM.

>>> Original Source <<<