Tuesday, April 10, 2012

Still Upside Down?

The number of US homes that are worth less than their mortgages is now back to 2009 levels after a rise late last year. More than 11 million of all residential properties with a mortgage had negative equity in the fourth quarter of 2011, according to market research firm CoreLogic. Mortgages with less than 5% equity account for almost 29% of all residential mortgages nationwide.

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