[US] WSJ keeps the mood bearish by headlining that 1 in 4 borrowers are under water. According to First American CoreLogic, a real-estate information company based in Santa Ana, Calif; the proportion of US homeowners who owe more on their mortgages than the properties are worth swelled to about 23% or nearly 10.7 mln households in the third quarter. These so-called underwater mortgages are said to pose a roadblock to a housing recovery because the properties are more likely to fall into bank foreclosure and get dumped into an already saturated market.
i feel GREAT!
i feel GREAT!
those who can, do. those who cant, talk about those who can