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| Report: Homeowners in Negative Equity Are Treading Water |
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More than one million homeowners with negative equity came up from under the surface in 2016, but some are still treading water, according to Zillow's recently released 2016 Q4 Negative Equity Report. Just 10.5 percent of homeowners now owe more on their mortgage than the value of their home, a dip from 13.1 percent in 2015. Over half of those homeowners, however, owes 20 percent or more of their home's value—and will continue underwater for some time, says Dr. Svenja Gudell, chief economist at Zillow. "Negative equity is one of the most persistent reminders of the long-term losses suffered when the housing market collapsed," Gudell says. . "Accelerating home value appreciation over the past few months was a blessing ...
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(TNS)—Some like it hot; others prefer to chill. If those polar opposites reside under the same roof, discussions around the thermostat can get tense. "It's an ongoing battle to keep everybody comfortable," says Steve Wilken, a hardware store manager. "You just try to find a happy medium."
