Posted by: Marvin Remmich | December 18, 2013


Since August, the number of homeowners with more than 10 percent equity has increased by 4.3 percent, or 207,000.  In addition, the number of homeowners who are moderately to severely underwater has fallen by 12.9 percent or 160,000. Despite the improvement in homeowner equity, the number of underwater homeowners in California remains high. In November, nearly 1.8 million (20.7 percent) out of a total of 8.6 million homeowners were effectively underwater and shut out of the California real estate market.


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