TITLE

More Homeowners Underwater in 1Q

PUB. DATE
May 2009
SOURCE
American Banker;5/7/2009, Vol. 174 Issue 87, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
39144004

 

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