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4 Million Homeowners Still Underwater, Total Negative Equity $157 billion
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2014 Dec 3, 3:54pm 2,300 views 3 comments
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A whole 4 million in a country of 320 million? A whopping 8% underwater, less than before the crash? I think we can safely say the foreclosure part of the crash is pretty much done after 6 years. Of what possible relevance is this other than mish had absolutely nothing else to write about?
There are still 60,000 pre-foreclosure 15,000 foreclosures not yet on the market, 3,000 foreclosures on the market and only 110,000 for sale properties in California. How can you say the foreclosure part is over?
There are 60k preforclosure in a state of 40 million people and something like 8 million homes. Wow, be still my beating heart. That's like less than 1% isn't it? That actually sounds really low.
You are aware it's December, the slowest month for housing listings of the year aren't you?
4 Million Homeowners Still Underwater, Total Negative Equity $157 billion
http://globaleconomicanalysis.blogspot.com/2014/12/4-million-homeowners-still-underwater.html
Mish