Underwater Homes, Low Ownership Rates, and Low Inventory



The term “underwater homes” is used to describe homeowners who owe at least 25% or more on their mortgage than their home’s current market value.

No. of underwater homes declines as sales volumes and prices surge



Housing data from RealtyTrac shows that the number of homes considered to be “seriously underwater”, or at least 25 percent underwater, has fallen to 6.9 million in the third quarter

Underwater Borrowers Regain Equity as Home Prices Rise



Underwater homeowners have been given a tremendous boost by rising home prices over the last 12 months, with more than 1.7 million borrowers regaining equity by the end of 2012. This means that there are now 38.1 million homeowners with equity in the US, according to the latest report from CoreLogic.

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