negative equity

Underwater Homes Decreasing 26

There’s some good news for homeowners out there. 600,000 borrowers got out of negative equity this year. That’s actually better news than you might realize. We started off the 2nd quarter of 2012 with 11.4 million homes underwater. Now 3 months later we’re at 10.8 million. That’s a really drastic […]

negative equity underwater

foreclosures from negative equity

Underwater Homes Down

Two quarters in a row the number of homeowners classified as “underwater” has declined. That means that “only” 11 million homeowners owe more than their homes are worth. (In case you were wondering, that’s 23% of ALL residential properties with mortgages.) So how did this happen? Did home prices go […]