
Lance Lambert
Housing market analyst and CEO of ResiClub who researches regional housing market dynamics and mortgage market data, author of the report on markets with high shares of underwater homes.
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Mar 5, 2026 • 16min
Under Water Homes Explode Higher in Latest Report
Lance Lambert, housing market analyst and CEO of ResiClub, who studies regional housing and mortgage data. He walks through a report showing many markets with high shares of underwater homes. He compares today’s underwater rates to 2009 and explains why overall shares remain low. He highlights regional hotspots, differences in mortgage vintages, and what to watch this spring.


