Monday, January 6, 2014

Mortgage Payers Under Water: Good News + Bad News

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From Zillow (bolding by EleBlog) –

According to the third quarter Zillow Negative Equity Report, the national negative equity rate fell at its fastest pace in the third quarter, dropping to 21% of all homeowners with a mortgage underwater from 31.4% at its peak in the first quarter of 2012. In the third quarter of 2013, more than 1.4 million American homeowners were freed from negative equity, and 4.9 million mortgaged homeowners have been freed since the beginning of 2012.

However, roughly 10.8 million homeowners with a mortgage still remain underwater

Source: http://electricalcontractor.com/?p=12254

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