According to a report from Zillow.com, the amount of Americans with negative equity has declined from 31.4% at it’s height if 2012 to 15.4% today, 2015. That’s great news for these families!
On the flip…there’s still 930,000 homeowners that are over 100% underwater…that’s twice what they owe….gulp!
What this report also states is that of the 7.9 Million homeowners, 4.1 Million are more than 20% upside down…still an insurmountable likely hood that these families will ever see equity in their largest investment.
Best,
Kris
