More Homeowners Underwater in 1Q

May 2009
American Banker;5/7/2009, Vol. 174 Issue 87, p4
Trade Publication
The article reports that over one-fifth of all homeowners in the U.S. owed more money on their houses than their houses were worth, as of the first quarter of 2009. These figures were provided by Zillow Inc., a firm specializing in real estate data. This trend was expected to continue, along with increasing numbers of foreclosures and bankruptcies.


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