Less Americans Under Water with their Homes
by Deirdre Blake
posted Jan 9 2014 5:47AM
A new report from RealtyTrac says rising home prices are giving millions of homeowners a chance to avoid foreclosure, when faced with a family downturn like a lost job.
The report shows that 9.3 million U-S residential properties were "deeplyunderwater" last month between what the paid and what their house is worth. It sounds high, but that's down from 10.7 million last September.