James SpillaneThe housing market hit an all time low in 2008. Since then, home prices are recovering, however there is still an alarming rate of foreclosures. For many U.S. homeowners, the price of their homes are less than what they owe, causing them to be underwater by an average of $70,000.
The following infographic visualizes the state of the housing market, including the best and worst states for home loans. El Paso, TX saw the biggest increase in home prices, while Florida holds the largest amount of outstanding mortgage debt of $706 billion.
Take a look at where your home state stacks up in home prices below.
Graphic courtesy of Allmand Law Bankruptcy Firm
This article was written for Business 2 Community by James Spillane.
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