Louisiana, Kentucky, and Mississippi topped the list of states with the highest share of “seriously underwater” mortgages—properties with loan balances exceeding their market value by at least 25 percent—real estate analytics company ATTOM said in a June 20 statement.
In Q1 2025, 2.8 percent of mortgages nationwide were classified as being seriously underwater, up from 2.5 percent in Q4 2024.
“Louisiana remains the state with the highest percentage of seriously underwater mortgages, though the percentage improved from 11.3 percent to 10.5 percent from Q1 2024 and Q1 2025,” said the statement.
“In Louisiana, one in every 10 mortgages are seriously underwater,” ATTOM added. “The counties with the highest percent of mortgages seriously underwater are Vernon, Saint Martin, Iberville, and Webster.”…