Fewer underwater homeowners in 2012: CoreLogic - MarketWatch
About 11.4 million U.S. residential properties were in negative equity
at the end of the first quarter of 2012, down from about 12.1 million
properties in the same position at the end of 2011, according to
CoreLogic Thursday. Borrowers with negative equity are often referred to
as "underwater" homeowners because they owe more than their homes are
worth. The report added that negative equity and near negative-equity
mortgages accounted for 28.5% of all U.S. mortgages in the first quarter
of 2012, down from 30% in the fourth quarter of 2011.
Notice the format folks....The money shakers are pushing housing again. The problem is this time around the pool of qualifiers has shrunk considerably. No job equals no purchase or refinance, then again it didn't matter then so should it matter now?
No comments:
Post a Comment