Zillow has crated a map illustrating which parts of the country are currently feeling the most pain on recent home purchases. A sizable chunk of people who’ve purchased homes in the past 5 years currently owe more on their mortgage than their home is worth.
The good news in the Twin Cities? At least we’re not Southern California:
Click on the map to see a larger version.
Of course, there are plenty of people who’ve owned their homes for longer than 5 years who are down from their highs but not upside down on their mortgages.