Underwater Homes Continue to Lose Value

Owners of underwater homes– where the amount owed on the home exceeds the home’s value– aren’t seeing a break.  Despite the upswing on the market, underwater homes aren’t seeing an increase in value.  This is because these homes remain the lowest valued on the market, and as we continue to recover, these homes do not attract much interest from buyers.

Nationally, about 17% of homes with a mortgage are in negative equity (or underwater).

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