When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Saturday, May 3, 2014

9.1 Million US Homes Underwater, a Silver Lining

A silver lining in the real estate market?

9.1 Million U.S. Homes Still 'Underwater', Down 26 Percent - WORLD PROPERTY CHANNEL Global News Center: "According to RealtyTrac's latest U.S. Home Equity & Underwater Report for the first quarter of 2014, 9.1 million U.S. residential properties were seriously underwater -- where the combined loan amount secured by the property is at least 25 percent higher than the property's estimated market value -- representing 17 percent of all properties with a mortgage in the first quarter.
17 Percent of U.S. Properties Seriously Underwater, Down From 26 Percent Year Ago
9.9 Million Properties With 50 Percent Equity or More, Up From 9.1 Million in Q4 2013
35 Percent of Residential Properties in Foreclosure Process With Positive Equity ..."


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects