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Local real estate market still climbing, as fewer remain upside down

Published Wednesday March 15

As home prices continue rising in the Vallejo area, the number of homeowners still upside down in their mortgages here continues falling, a house industry analytic firm announced.

According to CoreLogic’s most recent report, just 7.2 percent of Solano County mortgage holders are still under water — or in negative equity.

In the Vallejo-Fairfield metro area, 6,388, or 7.2 percent, of all residential homes with a mortgage were in negative equity as of the 4th quarter of 2016 compared with 9,919, or 11.2 percent, in the same quarter the previous year, CoreLogic finds.

This also compares with 7,091, or 7.9 percent, in the 3rd quarter of 2016.

Article length: About 560 words.
Tags: Fairfield
Read more at Timesheraldonline

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