I rarely give out links to other websites as I usually present local real estate statistics and things that I can write a full blog post on my own without outlinking to other sources. But I happened to find an interesting article with a map showing negative home equity in all 50 states.
Since I own an Orland Park home (a Homer Glen home with an Orland Park address) plus own a 2nd home in Scottsdale, AZ, it was interesting to see how those states stacked up. When you link to the map, you'll notice that Illinois has 21-30% of negative equity mortgages. This means that 21-30% of Illinois home owners that have a mortgage owe more than what their home is currently worth.
In Arizona, that figure jumps to 41% and up, which was not surprising. That was the highest percentage and was shared with Florida and Nevada, three of the hardest hit states when the real estate boom went bust.
What surprised me the most was the amount of states with very few home owners that were under water. Check out the map here.