The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday.
About half of U.S. mortgages seen underwater by 2011
-
Apoptosis
- Site Admin
- Posts: 33941
- Joined: Sun Oct 05, 2003 8:45 pm
- Location: St. Louis, Missouri
- Contact:
About half of U.S. mortgages seen underwater by 2011
This was an eye opener - http://news.yahoo.com/s/nm/20090805/bs_ ... utschebank