Fleysher Law Blog

Homeowners are Sinking Deeper Underwater

According to a recent Bloomberg article, more than 28 percent of U.S. homeowners owed more than their properties were worth 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 are expected to fall as much as 12% before the year is over. The unemployment epidemic and ever increasing foreclosure inventory

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