"Underwater Homes" Declining in Orange County
The number of negative equity homes in California is in decline. "Underwater homes" reached 7.3% in Q2 2015, compared to 9.7% the year before.
Best of all? Orange County has the smallest share of homes in which homeowners owed more on their mortgages than their home's actual value, with only 2.5% underwater - proving again that homeownership in Orange County is a great investment.