Real Estate: The Worrying Numbers Behind Underwater Homeowners - DailyFinance
Discovered on 2010-08-08 11:02:18 · http://www.dailyfinance.com/story/credit/real-esta Negative equity is linked to higher foreclosures. About a quarter of households with mortgages already owe more than their homes are worth. If prices slip further, up to half of homeowners may end up underwater -- a scary prospect for Americans' financial health.
