About Town with Mark Snyder
ABOUT TOWN: Almost 25-Percent of Stoughton Homes are "Underwater"
Welcome to "About Town with Mark Snyder," a column that will keep you up to the minute with what's what, who's who and what's going on around town. If you see or hear something we could use here, let us know by sending an e-mail to pmpco@aol.com.
DROWNING IN DEBT? HOME UNDERWATER? YOU ARE NOT ALONE! Stoughton has 1,282 homes that are valued less than their mortgage. The "underwater" report comes from Zillow.com, which estimates that about 23% of all owner-occupied single family homes in Stoughton are "underwater." In contrast, 47% of Brockton homes in the 02301 zip code are "underwater," while 46% in the 02302 zip code are. Randolph is at 36% and Holbrook at 27%. On the flip side, Sharon has 9%, Walpole is 11%, Canton is 13%, Avon is at 19%, and North Easton (02356 zip code) is 15%. South Easton (02375 zip code), however, is at 28%. On November 14, Zillow reported that based on its third quarter Negative Equity Report: 28.2 percent of U.S. homeowners with a mortgage (roughly 14 …
