The share of mortgaged Connecticut homes that are worth less than the loans that paid for them ticked up in the first quarter, according to Corelogic.
In the first three months of this year, 12 percent of mortgaged Connecticut homes measured by Corelogic had negative equity, which is referred to as being “underwater.” That’s up from 11.4 percent in the first quarter of 2014, and 11.6 percent in the fourth quarter.
Meanwhile, the state’s mortgagees are slightly more leveraged now than they were a year ago. Connecticut’s loan-to-value ratio stands at 58.5 percent, up from 57.7 percent.
Across the country, 10.2 percent of homes were underwater in the first quarter.
