Housing Statistics: Half of Homeowners Under 40 Are Still Underwater

August 24, 2012 7:22 pm

We spotted this rather disturbing statistic today:

“Overall levels of negative equity improved in the second quarter of the year compared with the first quarter, as home values continue to rise. But about half of borrowers under 40 still owe more than their homes are worth, the analysis found.”

Statistics Source: CNBC

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