1/2 Under 40 are Underwater

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I guess this makes since, because they would have represented the greatest population of 1st time buyers during the housing run-up.

 

Nearly Half of Borrowers Under 40 Sitting Underwater: Zillow

The share of homeowners with underwater mortgages continued its decline in the second quarter, according to the Zillow Negative Equity Report. About 15.3 million homeowners with a mortgage were underwater, or 30.9 percent, a drop from 15.7 million or 31.4 percent. The report also revealed that negative equity more often affects younger age groups, with nearly half (48 percent) of borrowers under age 40 with an underwater mortgage. » Read More

 

 

- sunil

 

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