FSBO BLOG

and it ain’t pretty! A congressional briefing by Mark Zandi, Chief Economist of Moody’s Economy.com, and Yale Professor Robert Shiller showed these charts of the current situation in the housing market. Bottom line is that the number of ‘underwater’ homeowners is increasing. Now there is $2.4 trillion mortgage debt for homes in negative equity.

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This entry was posted on Tuesday, August 3rd, 2010 at 9:07 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.