American homeowners who are underwater on their mortgages actually are only running a “paper loss.”
According to real estate site Zillow, nearly 16 million homeowners – not quite a third of people with mortgages – owe more on their home loans than their properties are worth.
Continue reading… “31.4% of homeowners in the U.S. are underwater on mortgages”
Foreclosures are ramping up again, prices are coming down again.
Home prices in the U.S are right back where they were at the beginning of 2003. The effect on home ownership could continue for decades to come.
Continue reading… “Home ownerships hits new lows as home prices fall more than expected”
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