According to an Msnbc.com article, quarterly data released Tuesday by Zillow, shows that 28.6 percent of homeowners with mortgages owe more on their loans than their homes could sell for.
There's currently over 11 million americans whose mortgage is underwater and with unemployment at 9%, it's just a perfect situation for more foreclosures to happen. According to the article a new survey found that only 52 percent of Americans still consider home ownership the American dream, while 48 percent consider it more of a nightmare.
A very interesting video from CNBC shows the USA map with the states that have more people underwater. Check it out to get the facts and numbers. You can also read the full article here:
Shelby DiBiase has been an active Real Estate agent since 1997. Currently the team leader of the "DIBIASE TEAM" with ReMAX Professionals. In this constantly changing market our team is not only surv
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