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Home / News / Construction and Real Estate / Local share of underwater homes at 7.7% (access required)

Local share of underwater homes at 7.7% (access required)

CHARLOTTE — The percentage of seriously underwater homes in the metro area remains well below the national average, according to an analysis by RealtyTrac. Some 7.7 percent of mortgaged homes in the Charlotte-Concord-Gastonia region had a loan-to-value ratio of 125 percent or more in the second quarter, meaning the loan amount was at least 25 ...

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