Thursday, May 7, 2009

Homeowners Underwater

A recent study that was highlighted in yesterday's Wall Street Journal indicates that a little over 21 percent of homeowners have negative equity (Journal article here.) In some areas of the country, the figure is much higher. A table in the article lists Las Vegas as topping the list with 67.2% of homeowners "underwater." The housing situation will be a drag on the economy for some time yet.

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