Today’s sellers don’t have to worry about underwater mortgages
Housing Wire
DECEMBER 13, 2024
In 2010, more than 23% of homes in America were underwater. Our new listing data for that time period shows there were between 250,000 and 400,000 new listings per week as many sellers with underwater mortgages were forced into a distressed market. Underwater mortgages are a proper barrier for sellers more so even than mortgage rates.
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