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Snapshot of San Diego’s Underwater Homes

Aired 12/5/11 on KPBS Midday Edition.

Guests:

Dr. Michael Lea, director of SDSU's Corky McMillin Center for Real Estate

Lily Leung, reporter for the San Diego Union-Tribune

Transcript

In San Diego County, close to 30 percent of homeowners are underwater, meaning they owe more on their mortgages than their homes are worth.

The one bright spot on the subject is California dropped from 5th to 6th place in the nation for the percentage of underwater homes.

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