Negative equity levels down by half in most major markets

Negataive equity

Negataive equityBy Allison Halliday | Realty Biz News

According to the Zillow Negative Equity Report, the number of homeowners in the United States who are in negative equity on their mortgages has dropped by more than 40% since early 2012.

The report shows that more than 7 million Americans who were once underwater on their mortgages have since managed to return to positive equity. This might be because they have successfully paid down the balance on the mortgage, while others will have gone into foreclosure or will have sold through a short sale.

Still others have seen their home values increase, lifting them out of negative equity.

 Continued:

 

 

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

PRTA suspends operations

(Disclosure: Rose Law Group represents a coalition of property and business owners throughout Pinal County who have worked to bring new transportation infrastructure to the

Read More »