Monday, November 10, 2014

Homeowner trends: fewer homes are underwater, but have no sidewalks

The number of homeowners who owe more for their house than it is worth fell by 1.7 million between 2011 and 2013, according to the Census Bureau's American Housing Survey.

Just over 5 million homeowners reported in 2013 that they were underwater on their mortgage--or 11 percent of homeowners with a mortgage. This was less than the 6.8 million and 14 percent of homeowners with a mortgage who reported being underwater in 2011. Despite the progress, the 2013 figure is more than double what it was in 2007.

From the Demo Memo

Only 56 percent of U.S. households have sidewalks in their neighborhood, according to the 2013 American Housing Survey. Sidewalks are even less common in the neighborhoods of the nation's homeowners—only 48 percent have them compared with 71 percent of renters.

Renters are more likely to have sidewalks in their neighborhood because many live in central cities where sidewalks are the norm.

From the Demo Memo

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