| State | Mortgages | Negative Equity Mortgages | Near** Negative Equity Mortgages | Negative Equity Share | Near** Negative Equity Share | Total Property Value | Mortgage Debt Outstanding | Net Homeowner Equity | Loan-to-Value Ratio |
| Hawaii | 230,246 | 22,594 | 7,751 | 9.8% | 3.4% | 122,328,518,254 | 65,483,180,032 | 56,845,338,222 | 54% |
| Source: CoreLogic |
According to CoreLogic, Hawaii is the 10th lowest Negative Equity state. What that means is that most of the mortgages in Hawaii are not below their value. Or another term for it is under water, upside down, or short.
To me, that says a couple of things. First our values have remained fairly strong in many areas. We have seen prices come down, but not like areas like Las Vegas, Arizona, or Florida. According to CoreLogic, Nevada has 69.9%, Arizona has 51.2%, and Florida has 47.7%. Those are the areas hit hardest with Negative Equity.
Now 9.8% of Hawaii homes with negative equity is not a tiny amount. According to CoreLogic, that is 22,594 properties. That is a lot. That is around 1 in every 10 people.
There are ways to prevent this from seriously impacting you. If you need more information let us know.
Or if you are looking to find a bargain while helping out your neighbor let us know. We can try to form a win-win situation.
Thanks.
-Jeff