Rising Number of Homeowners Underwater on Mortgages Amid Market Fluctuations
TL;DR Summary
More US homeowners are underwater on their mortgages, with over 500,000 affected in April, marking the worst April in five years, especially in pandemic boomtowns where home values have declined, leading some to sell at a loss.
- More US Homeowners Underwater on Mortgages Newser
- Baton Rouge and other boom buyers now owe more than their homes are worth Baton Rouge Business Report
- In Pandemic Boomtowns, More Homeowners Are Now Underwater on Their Mortgages WSJ
- Share of Seriously Underwater Mortgages Increased in Q1 MortgageOrb
- More Homeowners Find Themselves Underwater MSN
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