Underwater Homeowners “Here To Stay” Zillow Says…(Recovery!)
by Tyler Durden
ZeroHedge.com
03/20/2015
The percentage of homeowners underwater in the US was flat from Q3 to Q4 which doesn’t sound all that terrible until you consider that this figure had fallen for 10 consecutive quarters. Things look particularly bad in Florida and the midwest where more than 25% of borrowers are sitting in a negative equity position. A new report from Zillow says negative equity will become a permanent fixture in the housing market.
The Rest…HERE
