Cumberland County Housing Market Among Elite
Cumberland County ranks fifth on the list for least amount of negative equity, out of 386 urban counties in the country. Only 4.2 percent of homeowners in Cumberland County were stuck in a bad mortgage situation last fall, according to the stats.
The top four counties are in New York. In Manhattan, only 4.2 percent of mortgages had negative equity. Property values there certainly didn’t crash. Suffolk County, N.Y. (the Hamptons end of Long Island) had 2.1 percent of mortgages under water. The other two counties are in New York state.
The only other North Carolina county in either of those two categories was Buncombe, home to Asheville, where only 6.4 percent of mortgages were under water.
