Zillow Map: Homes in the U.S. with Negative Equity

20-30% of the homes in the San Francisco/East Bay area have negative equity, meaning that homeowners owe more on their houses than the houses are worth.

Click below to see a full-size version of the map:

http://zillow.mediaroom.com/file.php/259/NegativeOwnerEquity2007-USA+copy.jpg

There’s a method of selling a house that helps the homeowner get out of a situation. It’s called a short sale and involves negotiating with the bank to sell the house for less than the loan balance.

According to this friendly map, there are lots opportunities for short sales in most parts of the country. We’re currently doing this in the San Fracisco Bay Area as well as Oklahoma City.

Bring me a lead and I’ll pay you $600 if we buy the house.

Zillow Map: Best and Worst Real Estate Markets in the U.S.

According to Zillow.com, what are the best real estate markets in the country?

Hmmm… :]

Click below to see the map:

http://zillow.mediaroom.com/file.php/249/ZindexChangeYearOverYear-USA%20copy.jpg

Oklahoma City Affordability (Zillow.com data)

http://www.zillow.com/real-estate/OK-Oklahoma-City-affordability

According to Zillow.com, U.S. real estate prices have been declining for about a year and a half. But - get this - Oklahoma City prices have been RISING for the past two years, even through the September-through-January period when the market is supposed to be slow.

There’s money moving into OKC that partly offsets the crisis in the mortgage market.

Yes, it’s slower than it used to be. Invest carefully. But don’t get scared of Oklahoma City real estate just because there’s a national real estate crash going on.

Let’s get on with some house buying!