The news is good, 8 years after the housing collapse:
From Zillow via Calculated Risk (http://www.calculatedriskblog.com/2016/06/zillow-negative-equity-rate-declined-in.html):
“The steady decline in negative equity nationwide has been driven by a consistent recovery in home values over the past several years. But while home values have risen to some extent in a large majority of U.S. markets, some markets have recovered much more quickly than others, and the concentration of negative equity nationwide has shifted from the Southwest and Southeast to the Midwest.”

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