Zillow reported last week that 15.7 million homeowners are underwater, about 31.4 percent of US mortgages. People say things are getting better, but clearly there is still a huge problem and the housing crisis has a ways to go before calming down. Some areas are much worse off. For example, 79% of homes are underwater in Las Vegas, and other major cities like Phoenix, Orlando, Riverside and Atlanta are all over 50% underwater. This information comes from Zillow’s Negative Equity Report.
What this means is more short sales and more people looking for short sale specialists. Homeowners nationwide use Ezshortsales.com to find local experts to help them sell their homes.