The percentage of "seriously underwater" mortgages rose in the first quarter.
That's according to ATTOM, which notes the South has seen a bigger jump in seriously underwater mortgages.
Though the percentage of seriously underwater mortgaged homes rose slightly nationwide, it remains lower than pre-pandemic levels.
ATTOM said the South and Midwest regions account for nine out of the 10 states with the highest share of seriously underwater mortgages.
Meanwhile, among 107 metropolitan areas with over 500,000 people, Baton Rouge, Louisiana, topped the list with 13.4% of all mortgages seriously underwater.
Persons:
—, ATTOM
Organizations:
Service, Oklahoma
Locations:
Midwest, West Virginia, Arkansas, Baton Rouge , Louisiana, New Orleans, Jackson , Mississippi, Rock , Arkansas, Syracuse , New York