According to Bloomberg, many people who have bought their house in the last 5 years now owe more than their home is worth.
Many people as in about 33% of new homeowners!
According to Stan Humphries, Zillow's vice president of data and analytics: "For homeowners who need to sell, this is a gravelyserious situation,'' Humphries said in an interview. "It canalso be... Read More
