US home mortgages still a concern after property bust
15.4% of owners in first quarter owe more on their loans than their properties' worth: Zillow
Mon, Jun 15, 2015 - 5:50 AM
Families are now less likely to build equity through homeownership than they were 20 to 30 years ago, according to 62 per cent of respondents in a poll by the Chicago-based MacArthur Foundation.
IT'S the one chart that keeps Stan Humphries up at night.
A decade after US home sales peaked, 15.4 per cent of owners in the first quarter owed more on their mortgages than their properties' worth, according to a report on Friday by Zillow Inc. While that's down from a...