2. Detroit
Percentage of mortgages underwater: 34.4%
Median home value: $161,300*
Zillow doesn’t have home value data for the city of Detroit proper, but even the Detroit-Warren-Dearborn metro area’s median home value of $161,300 is still well below the national median of $226,300. With 34.4% of homes having negative equity, Detroit has the highest rate of homes underwater in the study.
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6 thoughts on “These 40 Cities Are on the Brink of a Housing Crisis”
unfortunate news. Trump’s “booming economy” is a f’in lie. In fact, basically everything the White House says is a self serving scam or out right falsehood. Dump Trump NOW! make America Great Again!
Aurora’s problems reflect the democratic control of Illinois’ legislature. Illinois has a poor business climate. Caterpillar’s decided to move manufacturing out of its Aurora facility. And Illinoisians are leaving in droves because of high taxes.
Sorry, Trump has done more for business than the preceding president. Gasoline prices are at very low prices. We can’t afford another democratic socialist president.
This started way before Trump got elected into office. It was the banks that loaned to people who should not have gotten mortgages. They also approved mortgages for way more than buyers should have been granted. Peoples spending habits are way out of line and they cannot make thier mortgage payments. No ones faullt but the buyers.
8 yrs of give it all away,sit on ur ass and watch the real back bone of this america do the work for the slug’s that obama fed and groomed that put him on his selfish podium, BRAVO!!!!
As the tweet goes:
You can’t trump a Trump ……. especially when it comes to LYING.