Zillow: Negative Equity Rate declined in Q2 2016

From Zillow: Q2 2016 Negative Equity Report: Why Cities and Suburbs are only Sometimes Impacted Similarly According to the Q2 Zillow Negative Equity Report, the overall U.S. negative equity rate as of the end of Q2 2016 – the share of homeowners that were underwater, owing more to their lenders than their home was worth – was 12.1 percent. That's down from 12.7 percent in the first quarter and 14.4 percent at the same time a year ago (figure 1). When examining the negative equity rate in urban and suburban areas, we found that 13.7 percent of homeowners in urban areas and 11.2 percent of......(read more)

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