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Interactive map: The Uneven housing recovery
While the housing market in many of our country's major cities has rebounded since the foreclosure crisis, many markets in other parts of the country are actually getting worse, according to research by the Center for American Progress (CAP). More than seven million homeowners are still underwater struggling to avoid foreclosure, says CAP. See which counties remain hardest hit today.
Seven years after the housing bubble burst and the financial markets collapsed, about 7.5 million American homeowners are still underwater—meaning that the owners’ homes are worth less than what they owe on them. Even though home values have continued to rise and the national percentage of homeowners with negative equity has dropped from 30 percent in the second quarter of 2011 to 15 percent in the first quarter of 2015, much work remains to be done in order for the market to fully recover.
The following maps show that the negative equity crisis is a dynamic phenomenon that varies in magnitude and impact over time. Even as the nation climbs out of the recession, not all counties are recovering.
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