Don’t really know what to make of this, but found it interesting:
The redder the area, the higher the percentage of homes under water. Grey areas had no data. Click on the map to go to the Zillow page that explains all this.
That map looked familiar. Kind of like this map, from Political Maps, except with blue on a red background:
I truly don’t know what to make of this. My guess is that houses in larger cities and in places people with good pensions retire to tended to get inflated more in the bubble, and therefore had farther to collapse, leaving more people under water, while more rural areas for the most part avoided this. And, of course, the pictures are distorted by population: big swaths of color correspond as often as not to places few people live. North central Arizona and New Mexico and northern Minnesota have fewer people combined than the area within a 15 mile radius of where I live. Same goes for eastern Nevada and western Utah.
The overall, very general observation: areas that voted strongly Democrat in the last election show some tendency to have a high percentages of houses under water. Not claiming Science! or anything – probably means nothing.