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Louisiana is going through some real hard times. Louisiana has highest share of underwater mortgages (11.3%), up about a percentage point from a year ago. Home values dropped 6% from their summer 2022 peak, per Redfin data. www.axios.com/2024/06/10/h...

Where "seriously underwater" mortgages are on the risewww.axios.com Location matters. Seriously underwater mortgages are most common in the Midwest and South where underwater mortgages exceed 40-80% in some zip codes, per ATTOM.