Negative Equity Still Impacts Over 1 in 10 Homeowners

Both urban and suburban communities have a significant share of homeowners in negative equity five years into the recovery, according to the second quarter Zillow® Negative Equity Report. Nationally, 13.7 percent of homeowners in urban regions and 11.2 percent of homeowners in suburban regions are underwater.
After the housing bubble burst, nearly a third of homeowners in the United States were underwater on their mortgages. As the market recovered, many homeowners have gained back