Fewer Homeowners Are Underwater, But Only Because They’re Being Foreclosed Upon

wonkroom.thinkprogress.org — According to new data released today by the real estate website Zillow, fewer homeowners are underwater on their mortgage — those who owe more in payments than their house is currently worth — than were underwater last year. In 2009, 23 percent of homeowners were submerged, which has dropped to 21.5 percent today.

Read Full Article »