Report: Homeowners in Negative Equity Are Treading Water

More than one million homeowners with negative equity came up from under the surface in 2016, but some are still treading water, according to Zillow’s recently released 2016 Q4 Negative Equity Report. Just 10.5 percent of homeowners now owe more on their mortgage than the value of their home, a dip from 13.1 percent in 2015. Over half of those homeowners, however, owes 20 percent or more of their home’s value—and will continue underwater for some time, says Dr. Svenja Gudell, c