Home Equity
Negative Home Equity Falls At Fastest Pace Ever In Third Quarter
The number of underwater homeowners, those owing more on their home than it is worth, fell at its fastest pace ever in the third quarter, dropping to 21 percent of all homeowners with a mortgage, according to Zillow. Roughly 10.8 million American homeowners were underwater at the end of the third quarter, down more than 4.9 million from the peak in the first quarter of 2012.