Negative Equity Rates spike (1+ million homeowners underwater)

Homeowners are going underwater at the highest rate since 2018. Markets like Texas and Florida have the highest percentage of homeowners with negative equity. But this still isn't nearly as bad the lead-up to 2008, when 20%+ of owners went underwater according to ICE Mortgage Monitor. However, we could begin to see more mortgage defaults and foreclosures if these negative equity rates continue to rise, especially in real estate markets like Florida and Texas. To access forecasts on home prices in your area, head to www.reventure.app. 💡 Join 1,000,000+ users using Reventure App to find undervalued markets, avoid housing bubbles, and plan their next move. 📊 Explore Reventure App web → https://www.reventure.app 📱 Download the iOS App: https://apps.apple.com/us/app/reventure-app/id6736954854 📱 Download the Android App: https://play.google.com/store/apps/details?id=com.reventure.mobileapp&hl=en_US --- Get priority during livestream chats by signing up as a Channel Member: https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting, Reventure App, or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel, along with Reventure App's data, and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting or Reventure App does not establish a formal business relationship.