This is interesting from last week. 1) If the numbers are relatively accurate (Q2 relative to Q1) the downward trend in underwater homeowners is a good thing. 2) Empirical evidence of why we are experiencing a shortage in supply, and 3) interesting bell curve based on age of owner/borrower; I’m guessing those numbers are due to frequency of move, appetite for risk and the high income/lower savings rate often associated with the top of the curve. "http://www.prnewswire.com/news-releases/negative-equity-falls-in-second-quarter-nearly-half-of-borrowers-under-40-remain-underwater-167166435.html?
Zillow report on negative equity, regionally and by age
Posted on August 27, 2012 at 6:47 pm Michael Doyle