Nearly half of American states are becoming negative equity hotspots with as many as one in 20 homeowners going 'underwater' on their mortgages, a new study suggests.Overall US households saw their equity increase by $1.1 trillion in the third quarter of 2023 compared to the same period in 2022,. The number of homes in negative equity also fell by 7.7 percent, according to a report by property insights firm However a disturbing pattern is emerging as 23 states have 'high' or 'very high' rates of homeowners facing the issue, with those in worst-affected.
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