More than 1 in 5 homeowners underwater

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4 votes

Posted By: Justin Pierce, almost 3 years ago (Report Spam)
Category: General Real Estate / Type: News
Source: news.yahoo.com

Home values extended their fall in the first quarter, with more than one in five homeowners now owing more on their mortgages than their homes are worth

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At 07:50AM on May 06, 2009 - Robb Terranova said...

Statistics can be horrifying based on how they are presented. According to Zillow's "Graph of Current Negative Owner Equity by Year of Purchase" (http://www.zillow.com/reports/RealEstateMarketChartsAndMaps.htm?msa=United%20States&graphic=Graph-Current-Negative-Owner-Equity-by-Year-of-Purchase) isn't this actually an improvement over recent years? Am I missing something?

At 04:00AM on May 06, 2009 - Joshua Dorkin said...

What a frightening statistic that is! Unbelievable.

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More than 1 in 5 homeowners underwater

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