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One in every five home owners in America, owe more than their home is worth.

By
Real Estate Broker/Owner with mskathywoods msWoods Real Estate

This is a scary statistic

Jared Hokanson
Hokanson Realty & Jared Realty Group - Medford, OR
Your Home Sold, GUARANTEED!*

Kathleen,

That is an interesting statistic, do you have a source for this statistic that we can refer to?

Feb 13, 2010 04:14 AM
Douglas Lovitt
Washington Management Company, Inc. - Mill Creek, WA

Welcome to AR Kathleen. I'm not sure I agree with your statement about home owner equity slowing down the economy's recovery.  In fact, the negative equity was created by economic conditions.  If people are negative in their existing homes, how are they going to downsize?

Feb 13, 2010 04:19 AM