Increasing Home Values Lift 1 Million Homes from 'Underwater' Status
Pro Builder
AUGUST 6, 2021
Home value increases have taken more than 1 million homes out of an “underwater” status, meaning the loans secured by the property were 25% higher than the home’s market value. Chicago, Philadelphia, and New York experienced the largest declines in underwater homes during that period, reports National Mortgage News. at the end of 2019.
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