The number of Connecticut homes with underwater mortgages ticked up in the third quarter, according to real estate tracker Corelogic.
Of the total number of mortgaged homes in the state, 9.9 percent owed more on the loan than the property was worth, Corelogic said. That’s up from 9.5 percent in the second quarter, and represents an increase of approximately 3,443 homes dipping into negative-equity territory. An additional 18,414 Connecticut homes are near negative equity, meaning they have less than 5 percent equity.
Despite the increase in negative equity over the quarter, homeowners in the state have improved their equity positions over the year. In the third quarter of 2013, 10.5 percent of mortgaged homes were underwater.
Across the country, 5.1 million homes were underwater as of Sept. 2014, Corelogic said.
