Zillow:Homeowners Released from Negative Equity

According to Zillow, about 2 million homeowners were released from negative equity.
Sustained high foreclosure rates and rising home values were the main reason why 1.9 million homeowners came out of negative equity.
In the Q4, 13.8 million mortgages (about $1 trillion were underwater, which was down from 15.7 million in the Q4 of 2011 .
Phoenix, LA, Miami, Dallas-Fort Worth and Riverside, California were the highest number of homeowners freed from negative equity.
Zillow expects LA, Riverside, Phoenix, Sacramento and Dallas Fort Worth to be the most freed homeowners.
For more information check out: http://www.dsnews.com/articles/zillow-19m-homeowners-released-from-negative-equity-in-2012-2013-02-21

 

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