You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Red Sox Live

0

0

Game starts at 7:10 PM

Owing more than the home is worth

Mashing together data on home values with information on mortgage loans, the real estate firm Zillow Inc. says that 11.5 percent of the homes in Eastern Massachusetts have negative equity – more is owed on the mortgage than the home is worth. In some communities, such as Brockton, almost a third of all homes are under water; in the western suburbs, where real estate values have recovered since the housing bubble burst in the fall of 2005, relatively few homes are worth less than their mortgage. The good news: Negative equity is typically not a problem for homeowners who can afford their monthly mortgage payments, unless they need to sell.

Related:

Percentage of homes with negative equity
0%
+25%

DATA: Zillow

Luke Knox/Globe Staff

More:

Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.