Number of U.S. underwater homeowners reduced, reports Zillow
21 Feb 2013
Compared to the fourth quarter of 2011, when slightly more than 31 percent of U.S. homeowners owed more on their mortgages than their homes were worth, one year later that underwater figure has dropped to 27.5 percent. This, says Zillow, represents nearly 2 million additional Americans who own a home whose value exceeds their debt. It also looks like this positive trend will continue.