An increasing number of homeowners in San Diego and nationwide are facing “negative equity” because of falling home prices coupled with low down payments, according to the latest Cotality Home Equity Report.
Irvine-based Cotality, 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.
Nationwide the average was higher at 2.2% of homeowners — a total of 1.24 million properties…