Number of U.S. underwater homeowners reduced, reports Zillow by Jim Townsend in Real Estate 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. Here This article is only available to AIM Group clients. Please subscribe now or log in to view. Share underwater homeszillow Jim Townsend Jim Townsend, editorial director and a principal of the AIM Group, is a career journalist, consultant and interactive media pioneer with more than 35 years of experience in news management. Townsend joined the AIM Group in 2001 as an analyst and consultant and became a part-owner in 2003. He is based in Houston. He leads a global team of analysts who report media industry trends in North and South America, Europe, India, Asia, Australia and other countries in the Pacific Rim.