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
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?
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