Despite rising home values, millions still underwater
According to CNBC, three million homeowners rose above water on their mortgages this year, creating more positive equity and stability in the markets. The publication has more:
"Widespread rising home values during the past year have helped chip away at negative equity nationwide, helping many homeowners who were only modestly underwater to come up for air. For those homeowners who are deeply underwater, though, there is still a long row to hoe," said Zillow Chief Economist Stan Humphries.