Millions of U.S. Homeowners Still Under Water on Mortgages


(Worthy News) – A staggering number of American homeowners remain under water on their mortgages a decade after the housing bubble burst.

Almost 4.5 million households — or 9.1 percent — owed more than their homes are worth in the fourth quarter of 2017, according to data firm Zillow, with an estimated 713,000 owing at least twice as much as their property’s value.

While the percentage is declining, families in communities with stagnant property values are “trapped in their homes with no easy options to regain equity other than waiting,” said Aaron Terrazas, a senior economist at Zillow. [ Source: Bloomberg (Read More…) ]

8
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

Trump Says Israel ‘Very Happy’ With Hamas Disarmament Deal, but Netanyahu Signals Deep Reservations
Migrants Flood Spain’s Ceuta Enclave As Death Toll Rises
Senate Again Rejects Resolution Seeking to Halt U.S. War With Iran
Record-Low Danube Threatens Hungary’s Nuclear Power Supply
Trump Says Hamas Has Agreed to Disarm, but Deep Skepticism Remains
Netanyahu Tells Evangelical Leaders: Jews and Christians Are ‘One’ Under Attack
Trump Questions Thune’s Future as Senate GOP Leader Over Stalled Election Bill
U.S. Intelligence Chiefs: China’s Acquisition of American Voter Data Meets Definition of Election Interference
U.S.-Iran War Widens as Saudi Arabia Joins American Strikes on Iran-Backed Militias in Iraq
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News