What Recovery? Nearly 11% of U.S. Homeowners Are Still Underwater

If you watch the news, you’ve heard about the recovering housing market—prices are up, inventory is low, mortgage interest rates are below 4%, and more people have jobs... Yet, more than 10% of homeowners are still underwater. To be exact, 5.4 million, or 10.8% of all mortgaged properties, had negative equity in the fourth quarter of 2014, according to a new report from CoreLogic, a California-based data provider.

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