Despite rising home values, millions still underwater

"Despite home prices rising in many parts of the country, the total value of owner-occupied housing still remains $3.2 trillion below 2006 levels. Despite rising home prices, there are still some 9.8 million households underwater, representing 19.4 percent of all mortgaged homes-nearly one out of every five such homes," the group found.

Despite rising home values, millions still underwater August 29, 2013 KEYWORDS Mortgage Negative equity underwater borrowers According to CNBC, three million homeowners rose above water on their.

Still underwater. Despite the recent rise in home prices we still have 9.1 million home owners seriously underwater. What this tells us is that many people pushed their budgets to the financial limits merely to squeeze in. If this were truly a solid housing uptrend we would be seeing home builders doing what they do, building homes.

Svenja Gudell, senior director of economic research at Zillow, explains that rising home values helped bring millions out from underwater in the past few years.

Despite Rising Home Values, Millions Of Americans Are Still Underwater April 5, 2016 In 2015, another 1.5 million borrowers were thrown a life preserver of increasing home prices and were pulled from the storm-tossed waters of negative equity. That’s a large number and a very positive sign; however, not all the news is good.

Nearly one-third (31.4 percent) of U.S. homeowners with mortgages – or 15.7 million – were underwater on their mortgage in the first quarter of 2012, despite rising home values, according to the first quarter zillow negative Equity Report. Collectively, underwater homeowners owed .2 trillion more than their homes were worth.

One in six (17 percent) U.S. homeowners with mortgages – or 8.7 million – were still underwater on their mortgage in the second quarter of 2014, despite rising home values, according to the Zillow Negative Equity Report. This is down from 18.8 percent in the first quarter of 2014, and down from 23.8 percent from last year (Q2 2013).

Millions still drown in debt despite rising home values – Finance Post Thanks to increasing home values this year, more than three million people in the U.S. who had owed more on their homes than they were worth have risen above water on their debts.

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