Aug 23rd 2012 4:00PM
By Les Christie NEW YORK -- Rising home prices helped nearly 1 million homeowners emerge from being underwater on their mortgages during the second quarter. But younger homeowners are still struggling to stay afloat, according to a report from Zillow. The percentage of borrowers who owed more on their homes than they... Continue Reading »
Jul 20th 2012 1:35PM
Underwater mortgages have plagued the housing market since the housing bubble burst in 2006. Rapidly declining prices meant that homeowners started to owe more on their mortgages than their homes were worth. This can lead to short sales, foreclosures, and a serious blow to a households' net worth. CoreLogic released... Continue Reading »
Jun 13th 2012 2:30PM
The more than 20 percent of U.S. homeowners stuck with "underwater" mortgages may be in a rough spot -- but, believe it or not, that may be giving a boost to the housing market. Though negative equity is forcing millions to stay put in homes that are worth less than their mortgages, it means fewer properties are going... Continue Reading »
May 24th 2012 12:46PM
By Les Christie @CNNMoney NEW YORK -- Despite rising home prices, more than 30 percent of borrowers, or close to 16 million homeowners, were underwater on their mortgage during the first quarter, according to Zillow. The percentage of borrowers who owed more on their home than it was worth increased to 31.4 percent... Continue Reading »
Feb 10th 2011 9:39AM
We've been hearing the drill for a while now: Home prices are down, having dropped 2.6 percent nationwide during the last three months of 2010. Foreclosures keep coming as if they were on an assembly line. In Phoenix, it is estimated that as many as 70 percent of homeowners are underwater on their loans. The story is not... Continue Reading »
