Tuesday, January 27, 2015

Loser loans: Zillow maps 'underwater' America

In South Jersey and around Wilmington, a third of home mortgage borrowers owe more than their houses are worth

Loser loans: Zillow maps 'underwater' America

At least 30% of South Jersey and Wilmington-area homeowners with mortgages still owe more than their houses are worth; it's more like one-quarter in Philadelphia and Delaware County; and less in wealthy Chester, Montgomery, Bucks, says Zillow.com in this cool map.

By contrast, some upstate Pennsylvania gas counties have few if any "underwater" loans.

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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