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Tag Archives: underwater homes

Owned Today, Rented Tomorrow

Homes are more likely to become rental properties as they age, according to a report. How does the switch from owner to renter impact home value?

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Negative Equity Rises in 21 Housing Markets

Florida and the Midwest have some markets with more than a quarter of mortgaged homes underwater. Home values rose 5.9 percent nationally last year, making low-end homes far more likely to be worth less than the balance of their mortgage. While the percentage of mortgages that are in negative equity nationally is at 16.9 percent as of the fourth quarter of 2014, the negative equity rate among low end homes is much higher at 27.3 percent. The national negative equity rate is expected to fall to 15.4 percent by the end of 2015.

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