{"id":93451,"date":"2025-12-13T16:25:08","date_gmt":"2025-12-13T16:25:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/93451\/"},"modified":"2025-12-13T16:25:08","modified_gmt":"2025-12-13T16:25:08","slug":"more-san-diego-homeowners-face-negative-equity-as-house-prices-fall","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/93451\/","title":{"rendered":"More San Diego homeowners face negative equity as house prices fall"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2021\/08\/house-for-sale-1.jpg?ssl=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" width=\"780\" height=\"439\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2025\/12\/house-for-sale-1.jpg\" alt=\"House for sale in La Mesa\" class=\"wp-image-155018\"  \/><\/a>A house for sale in La Mesa. (File photo by Chris Stone\/Times of San Diego)<\/p>\n<p>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 <a href=\"https:\/\/www.cotality.com\/press-releases\/u-s-home-equity-dips-fall-2025\" rel=\"nofollow noopener\" target=\"_blank\">Cotality Home Equity Report<\/a>.<\/p>\n<p>Irvine-based <a href=\"https:\/\/www.cotality.com\/\" rel=\"nofollow noopener\" target=\"_blank\">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<p>Nationwide the average was higher at 2.2% of homeowners \u2014 a total of 1.24 million properties.<\/p>\n<p>Negative equity \u2014 being \u201cunderwater\u201d \u2014 is when you\u00a0owe more on your mortgage than your home is currently worth.<\/p>\n<p>\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<p>\u201cWhile overall home equity remains elevated, recent purchasers with smaller down payments may now face negative equity,\u201d she said.<\/p>\n<p>Home prices have been falling in many parts of the country this year, including Florida and much of the West. The <a href=\"https:\/\/timesofsandiego.com\/business\/2025\/12\/02\/case-shiller-index-san-diego-home-prices-downward-trend\/\" rel=\"nofollow noopener\" target=\"_blank\">latest Case-Shiller Index <\/a>showed San Diego home prices falling 0.9% in September \u2014 the fifth monthly decline.<\/p>\n<p>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<p>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<p>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&hellip;\n","protected":false},"author":2,"featured_media":73089,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[51394,51395,6812,51396,388,74,76,75],"class_list":{"0":"post-93451","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-san-diego","8":"tag-cotality","9":"tag-down-payments","10":"tag-home-prices","11":"tag-negative-equity","12":"tag-real-estate","13":"tag-san-diego","14":"tag-san-diego-headlines","15":"tag-san-diego-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/93451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=93451"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/93451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/73089"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=93451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=93451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=93451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}