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.

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