The number of single-family homes under water fell to 21% in Q3 from 23% last quarter, according...

|By:, SA News Editor

The number of single-family homes under water fell to 21% in Q3 from 23% last quarter, according to Zillow.com's Q3 Real Estate Market Report, while home prices were flat over the period. Foreclosure sales rose to 21.4% of all sales from 14.7% a year ago, and the firm estimates another three million homes remain hidden in the foreclosure pipeline.