Almost 4.5 million U.S. households are underwater on their mortgages a decade after the housing crisis. About 9.1 percent of households owed more than their homes are worth in the fourth quarter of 2017, Bloomberg reported Tuesday. And about 713,000 owe at least twice as much as their property’s value, the report said, citing Zillow data. The percentage is declining, but those in areas with stagnant property values are “trapped in their homes with no […]
source https://therealdeal.com/2018/05/30/4-5-million-homeowners-are-still-underwater-on-their-mortgages-post-crisis/
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