djc
02-12-2008, 09:05 PM
NEW YORK (Reuters) - More than 30 percent of U.S. homeowners who bought in the last two years owe more on their mortgage than their house is currently worth, a housing market research company said on Tuesday.
The housing market peaked in most U.S. markets in the last two years. Of home buyers in 2006, 39 percent of those with a median 10 percent down payment now have negative home equity similar to 30 percent of those who purchased in 2007, said online company Zillow in its quarterly home value report.
http://news.yahoo.com/s/nm/20080212/bs_nm/usa_housing_zillow_dc_2;_ylt=ApWty60R0N7.1Nftu5hC7 ikE1vAI
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The housing market peaked in most U.S. markets in the last two years. Of home buyers in 2006, 39 percent of those with a median 10 percent down payment now have negative home equity similar to 30 percent of those who purchased in 2007, said online company Zillow in its quarterly home value report.
http://news.yahoo.com/s/nm/20080212/bs_nm/usa_housing_zillow_dc_2;_ylt=ApWty60R0N7.1Nftu5hC7 ikE1vAI
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