Wednesday, May 6, 2009

Zillow says that 22% of Mortgages are Underwater

According to zillow, at the end of Q1-2009 22% of homes with mortgages on them were underwater--i.e. the debt outstanding on the home was greater than the value of the home.

This is up from 17.6% of motgages being underwater in Q4-2008 and 14.3% in Q3-2008.

No comments:

Post a Comment