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Fifty percent of mortgages could be for more than the value of the house it covers by 2011

Fifty percent of mortgages could be for more than the value of the house it covers by 2011

The number of United States homeowners that owe more than their home is worth will likely double to 48% in 2011 from 26% at the conclusion of March. This would lead to another blow to the housing market. This is all according to Deutsche Bank.
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The United Kingdom is showing signs of housing recovery

The United Kingdom is showing signs of housing recovery

The United Kingdom has had some new figures come out that show that there might be some recovery in the housing market in that country. The new figures that have come out show that the annual rate of the decline of housing prices has slowed …

Could half of the mortgages in the US be underwater by 2011?

Could half of the mortgages in the US be underwater by 2011?

The number of United States homeowners that owe more than their home is worth will likely double to 48% in 2011 from 26% at the conclusion of March. This would lead to another blow to the housing market. This is all according to Deutsche Bank.
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Negative Home Equity and Poor credit outlook leaves homeowners cold

Home prices all over the world are falling at an alarming rate. In the United States, many homeowners are already finding themselves in a situation where they are facing negative equity in their homes, meaning that they owe more to the bank than what the …