Zillow Says 27 Percent Of U.S. Homeowners Now Have Negative Equity On Home, An All Time Record!
thestatedtruth.com | May 9, 2011
Highlights from a new report from Zillow on real estate…………….The number of homes with negative equity rose to 27% or 16.2 million units in the first quarter from 13.1 million units a year earlier. In the first quarter of 2009 only 22% of homes were underwater, Zillow said. Home prices slumped 8.2 percent on average over the past 12 months. Property […]
