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Only 16 percent of Boston homeowners under water (financially)

This can be a glass half-full or half-empty story, but it depends how you look at it. The Boston Business Journal has an item on a study by Core Logic that reports that 16 percent of Boston homeowners have mortgage values that exceed their house value — another 3.5% or so are close to even.

That may sound like bad news, but it is better than the national average of negative or near-negative values for a whopping 27.9  percent of homeowners.

File under: Glass half-full, hold the ice.

One Response to Only 16 percent of Boston homeowners under water (financially)

  • If you add the 6% commission to the equation, I wonder what percent would have to bring money to the table to sell?