Negative Equity Rate declined in Q1 2016

From Zillow: Q1 2016 Negative Equity Report: Rust Belt Overtakes Sand States as Nation's Nest of Negative Equity The national negative equity rate – the share of all homeowners with a mortgage who are underwater, owing more on their mortgage than their home is worth – fell to 12.7 percent in the first quarter of 2016 , according to the first quarter Zillow Negative Equity Report. The U.S. negative equity rate is down from 13.1 percent in Q4 2015 and 15.4 percent a year ago, and has fallen or stayed flat from the prior quarter for 16 straight quarters after peaking at 31.4 percent in Q1 2012......(read more)

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