underwater mortgages Archive

Signs Suggest Looming Opportunity for First-time Buyers

CoreLogic reported Thursday that the number of underwater homes, properties worth less than what is owed on them, fell from 6.3 million to 5.3 million between the 1st and 2nd quarters of 2014. This change is large and important...

Top 5 and Bottom 5 Markets by Share of Underwater Mortgages

The strong price growth this spring has had an important impact on the housing market. Rising prices lifted many homeowners out of negative equity, improving confidence, enabling them to sell without a loss or to refinance at record low...