|
Post by jeffolie on Oct 18, 2014 15:38:18 GMT -6
Friday, October 17, 2014 Underwater Homeowners Decline by 1.7 Million The number of homeowners who owe more for their house than it is worth fell by 1.7 million between 2011 and 2013, according to the Census Bureau's biennial American Housing Survey. Just over 5 million homeowners reported in 2013 that they were underwater on their mortgage—or 11 percent of homeowners with a mortgage. This was less than the 6.8 million and 14 percent of homeowners with a mortgage who reported being underwater in 2011. Despite the progress, the 2013 figure is more than double what it was in 2007. Number (and percent) of homeowners with a mortgage who are underwater 2013: 5.1 million (11 percent) 2011: 6.8 million (14 percent) 2009: 5.8 million (12 percent) 2007: 2.5 million (5 percent) Source: Census Bureau, 2013 American Housing Survey demomemo.blogspot.com/
|
|
|
Post by unlawflcombatnt on Oct 29, 2014 11:43:41 GMT -6
Homes were severely overvalued when they were originally purchased in the mid & late 2000's.
|
|