Shock analysis from mortgage analyst Mark Hanson: "Over 50% of all mortgaged households in the...

|By:, SA News Editor
Shock analysis from mortgage analyst Mark Hanson: "Over 50% of all mortgaged households in the U.S. are effectively underwater" once implicit equity reductions are factored in. "Because repeat buyers have always carried the market as the foundation, this is why demand has not come back. It's as if half the potential buyers in America died over a two-year period of time."