All is not well in the Des Moines metro housing market. CoreLogic, a company that specializes in analytics says just over 11%, or close to 12-thousand residential properties with a mortgage, were underwater in the 4th quarter of 2010. According to KCCI, the CoreLogic study found another 8%, or 8300, were close to being underwater. Negative equity, often called underwater or upside down, means a borrower owes more on their mortgage than their home is worth.
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