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Zillow's new negative equity report shows nearly 16M U.S. homeowners, or 31.4% of all homeowners...

Zillow's new negative equity report shows nearly 16M U.S. homeowners, or 31.4% of all homeowners with a mortgage, were underwater in 2012 - a bit better than 2011's 32.4% but higher than estimates from CoreLogic and others. “It’s a $1.2T problem," Zillow's Stan Humphries says. “We think 2012 is going to be a great year for home sales, but a mixed picture for prices."
Comments (2)
  • kwm3
    , contributor
    Comments (2443) | Send Message
     
    Expect this number to rise through the years as real estate declines in value, interest rates go up, taxes up, sentiment down, inventory up, student debt up, economy down.
    24 May 2012, 01:13 PM Reply Like
  • Oceanstats
    , contributor
    Comments (65) | Send Message
     
    Wait..the $2T house bailout didn't work? I can't believe that.
    24 May 2012, 04:12 PM Reply Like
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