Suburbia: It has been a panacea and an expletive. Touted for affordability and maligned for automobile dependence, suburbia is a fact of life in the U.S.
10 states where citizens carry the most mortgage debt
The blog 24/7 Wall St. looked at a recent report by Credit Karma to find the 10 states with the highest average mortgage debt.
mortgages, refinancing, housing market
The blog 24/7 Wall St. looked at a recent report by Credit Karma to find the 10 states with the highest average mortgage debt. Most of the states on the list have extremely high mortgage debt because of the size of their initial mortgages. Many of the states on the list also experienced the steepest declines in home value during the recession.
These are the 10 states with the worst mortgage debt.
- New Jersey
To read the blog, click here.