Grim Q3 for housing slump: 1 in 7 homes in negative equity — Zillow report

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The latest batch of grim statistics on the housing slump show that roughly 14 percent of homeowners — one in seven — have negative equity or owe more than their house is worth, The Wall Street Journal reports. The third quarter report on 163 metropolitan areas from Zillow.com, the Seattle-based firm that informs neighbors on the value of nearby homes, … Read More