negative equity

The U.S. negative equity rate is dropping, but more than 4 million U.S. homeowners owed the bank at least 20 percent more than their homes were worth, according to the first quarter Zillow Negative Equity Report. That means those homes would have to appreciate at least 20 percent for their owners to have any chance of breaking even on a sale. Home values are forecast to … [Read more...] about More than half of underwater homeowners are nowhere near re-surfacing