get that sinking feeling, and not know why...
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For Q3 2010, the Net Equity Extraction was minus $86 billion, or a negative 3.0% of Disposable Personal Income (DPI). This is not seasonally adjusted.
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This graph shows the distribution of negative equity (and near negative equity). The more negative equity, the more at risk the homeowner is to losing their home.
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The second graph shows the break down of equity by state.
In Nevada very few homeowners with mortgages have any equity, whereas in New York almost half have over 50%.
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Q3 2010: Mortgage Equity Withdrawal
http://www.calculatedriskblog.com/2010/12/q3-2010-mortgage-equity-withdrawal.html
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CoreLogic: 10.8 Million U.S. Properties with Negative Equity in Q3
http://www.calculatedriskblog.com/2010/12/corelogic-108-million-us-properties.html
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