Morning Minute: Report finds fewer seriously underwater homeowners

The number of seriously underwater homeowners — those with a home loan at least 25 percent higher than the property’s estimated market value — has fallen to about half what it was in 2012, according to RealtyTrac. In its latest report, the Year-End 2015 U.S. Home Equity & Underwater Report, RealtyTrac found that by the end of 2015, about 6.4 million homes were seriously underwater, compared to 12.8 million during the peak in 2012. Click here to read more from NAR’s Daily Real Estate News.

In other headlines:

What’s Next for the Housing Market? – Time

Harvard: Why Owning A Home Makes Sense Financially – KCM Blog

Leave a Reply

Your email address will not be published. Required fields are marked *