thanks for sharing. It is right data for SD.

The strong price growth this spring has had an important impact on the housing market.  Rising prices lifted many homeowners out of negative equity, improving confidence, enabling them to sell without a loss, and reducing the risk that they might roll into foreclosure.  Stronger prices make short sales more attractive to banks and alleviate the weight of distressed sales on the sale prices of neighboring homes.  According to Corelogic, the number of underwater homeowners eased by roughly 700,000 to 11.4 million in the 1st quarter of 2012 or roughly 23.7% of all mortgaged homeowners.  An additional 2.3 million were in near-negative equity or had less than 5% equity, also a decline from the 4th quarter.  However, given the large number of low-down payment FHA purchases in recent years, this latter figure is less threatening.  Statewide, 30.5% of mortgaged homeowners in California or roughly 2,070,000 owe more on their mortgage than the home is worth.  Another 4.4% or nearly 299,000 have less than 5% equity in their home.