{"id":445041,"date":"2025-12-13T20:26:19","date_gmt":"2025-12-13T20:26:19","guid":{"rendered":"https:\/\/www.europesays.com\/us\/445041\/"},"modified":"2025-12-13T20:26:19","modified_gmt":"2025-12-13T20:26:19","slug":"more-san-diego-homeowners-face-negative-equity-as-house-prices-fall","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/445041\/","title":{"rendered":"More San Diego homeowners face negative equity as house prices fall"},"content":{"rendered":"

\"House<\/a>A house for sale in La Mesa. (File photo by Chris Stone\/Times of San Diego)<\/p>\n

An increasing number of homeowners in San Diego and nationwide are facing \u201cnegative equity\u201d because of falling home prices coupled with low down payments, according to the latest Cotality Home Equity Report<\/a>.<\/p>\n

Irvine-based Cotality<\/a>, the real estate data company formerly known as CoreLogic, said 0.6% of San Diego homeowners had negative equity in the third quarter, an increase of 0.14 percentage points over the past year.<\/p>\n

Nationwide the average was higher at 2.2% of homeowners \u2014 a total of 1.24 million properties.<\/p>\n

Negative equity \u2014 being \u201cunderwater\u201d \u2014 is when you\u00a0owe more on your mortgage than your home is currently worth.<\/p>\n

\u201cAs the pace of home price growth slows and markets recalibrate from pandemic peaks, we\u2019re seeing a clear shift in equity trends,\u201d said Cotality Chief Economist Dr. Selma Hepp. \u201cNegative equity is on the rise, driven in part by affordability challenges that have led many first-time and lower-income buyers to over-leverage through piggyback loans or minimal down payments.\u201d<\/p>\n

\u201cWhile overall home equity remains elevated, recent purchasers with smaller down payments may now face negative equity,\u201d she said.<\/p>\n

Home prices have been falling in many parts of the country this year, including Florida and much of the West. The latest Case-Shiller Index <\/a>showed San Diego home prices falling 0.9% in September \u2014 the fifth monthly decline.<\/p>\n

As a result, homeowners across the United States have lost an average of $13,400 in equity over the past year. The top two states in equity loss were Florida ($37,400) and California ($32,500).<\/p>\n

Cotality warned that the increase in properties with negative equity \u201cis a trend that has been gaining steam and signals possible market difficulties ahead.\u201d\u00a0<\/p>\n

READ NEXT<\/p>\n","protected":false},"excerpt":{"rendered":"A house for sale in La Mesa. (File photo by Chris Stone\/Times of San Diego) An increasing number…\n","protected":false},"author":3,"featured_media":445043,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5134],"tags":[5229,1582,276,13926,205005,13811,205006,4329,3549,7264,67,586,132,5230,68,2969],"class_list":{"0":"post-445041","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-san-diego","8":"tag-america","9":"tag-ca","10":"tag-california","11":"tag-cotality","12":"tag-down-payments","13":"tag-home-prices","14":"tag-negative-equity","15":"tag-real-estate","16":"tag-san-diego","17":"tag-sandiego","18":"tag-united-states","19":"tag-united-states-of-america","20":"tag-unitedstates","21":"tag-unitedstatesofamerica","22":"tag-us","23":"tag-usa"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/445041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=445041"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/445041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/445043"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=445041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=445041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=445041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}