Homeowners are Sinking Deeper Underwater
Emil Fleysher
May 9, 2011
According to a recent Bloomberg article, more than 28 percent of U.S. homeowners owed more than their properties were worth. This is in the first quarter of 2011. This was the biggest drop in U.S. home values since 2008. Home prices fell approximately 3% in the first quarter of 2011. And, they are expected to fall as much as 12% before the year is over. The unemployment epidemic and ever-increasing