Ann Carrns writes at the New York Times August 23:
The country’s underwater homes are slowly resurfacing as the housing market improves. But younger borrowers are still more likely to be submerged, a new report from real estate site Zillow.com finds.
Overall levels of negative equity improved in the second quarter of the year compared with the first quarter, as home values continue to rise. But about half of borrowers under 40 still owe more than their homes are worth, the analysis found.
Read more here.
- The sound of Nobel Prize-winning bubble alarm
- Nobel Prize winner warns of US stock market bubble
- Why US baby boomers are retiring in Latin America
- Bagehot & Deflation: Interview with David Kotok
- Obamacare Impact on Jobs (And Way Less Job Growth than Anyone Thinks)
- PUTTING THE GINI BACK IN THE BOTTLE: GINI COEFFICIENT KEEPS RISING WHILE REAL MEDIAN INCOME FALLS
- NOMURA: It's The End Of The End Of The World
- Bitcoin Soars Above $600: Rises 20% In One Day Ahead Of Senate Hearing
- Bitcoin Rises Over $500
- China eases 1-child policy amid elderly boom
- Q3 Earnings Roundup: Banks, Non-Banks and the FOMC
- As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target
- Cancer patient chooses death after Obamacare causes his premium to increase by 833%
- As Bitcoin Soars Over $300, A Question Arises: Could It Become A Global Reserve Currency?
- Warning Signs Flash as Stock Market Soars to Records