wHow does the Mt. Hood area fair compare to other areas of the country as far as negative equity in homes? Well, I can't say specifically what happens on the mountain but it is a reflection of the general Oregon market. Sources such as First American CoreLogic says 18.3% of properties with mortgages are underwater. Most of these states are Nevada, Arizona, Florida and hard hit Michigan with the Detroit carnage.FAC says Oregon mortgages are at 7.5% underwater which, believe it or not is the 6th lowest percentage of all states. Washington is right behind us.

So, if you think it's bad around here-it isn't! It's GREAT compared to the rest of the U.S.!

Here's a little more info mapping the negative equity states from the Wall Street Journal.