Many Underwater Homeowners Emerge

According to Zillow’s third quarter Negative Equity Report, underwater homes have decreased approximately 40% since the beginning of 2012. The percentage of homeowners with negative equity averaged 16.9%  last quarter, a 4.2% drop from 2013. Stan Humphries, Zillow’s Chief Economist said, “the market has made terrific strides since bottoming out in late 2011 and early 2012, with millions of underwater homeowners freed in just the past few years, and millions more set to surface in coming months and years.” More here

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