From a review of the excellent CoreLogic Quarterly Negative Equity Reports, the State of Nevada continues to have the highest percentage of Residential Homes with Mortgages which have Negative Equity.....or are Underwater.
CoreLogic reported that in March 2010, 70% of Nevada Homes with Mortgages were Underwater. On the very positive side, this 70% dropped precipitously by 62% to 26.3% in the most recently reported June 2014.
During this most recent four and one-fourth years where the percentage of Nevada Underwater Homes declined by a massive 62%, Barack Obama was US President, Harry Reid was a US Senator from Nevada, and the US Federal Reserve was Headed by two brilliant people.....Ben Bernanke and Janet Yellen.
I agree with Financial Guru Jim Cramer when he asserts that President Obama's Executive Action on Immigration Reform will be helpful to the still somewhat depressed US Housing Market.
