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Real Sonoma

News and conversation about Sonoma County real estate

In Sonoma County, 31,000 homes ‘underwater’

Nearly a third of Sonoma County homeowners with mortgages remained underwater at the end of last year. Almost 31,000 residential properties — 29 percent of homes with mortgages — were in negative equity in late December, according to a report released Tuesday by CoreLogic of Santa Ana. The latest data compares with almost 32 percent in negative equity a year ago and 28 percent in September. “Negative equity holds millions of borrowers captive in their homes, unable to move or… Read More »