Twin Cities Debt Slaves For Life
41 percent of metro area single-family homes believed 'underwater'
"More tough news for Twin Cities metro homeowners surfaced this morning as home values in the Minneapolis-St. Paul metropolitan area slid 4.6 percent in March from a year ago.
More troubling, the real estate website Zillow.com calculates that more than 268,000 Twin Cities area single-family homeowners with mortgages owe more than their homes are worth. That number is about 41.2 percent of the total. That compares with an estimated national average of 23.3 percent of single-family mortgages with negative equity, according to the report.
Such “underwater” mortgages in the metro area swelled by about 14,000 from December to March and pushed the metro area’s ranking up one place to No. 25among 135 metropolitan statistical areas (MSAs) tracked by Zillow."
You Would Have to Be Fool to Buy a House Now
added - But wait! MSM wants you to feel upbeat, citizen!
Home prices stabilize in 60% of U.S. cities
"More tough news for Twin Cities metro homeowners surfaced this morning as home values in the Minneapolis-St. Paul metropolitan area slid 4.6 percent in March from a year ago.
More troubling, the real estate website Zillow.com calculates that more than 268,000 Twin Cities area single-family homeowners with mortgages owe more than their homes are worth. That number is about 41.2 percent of the total. That compares with an estimated national average of 23.3 percent of single-family mortgages with negative equity, according to the report.
Such “underwater” mortgages in the metro area swelled by about 14,000 from December to March and pushed the metro area’s ranking up one place to No. 25among 135 metropolitan statistical areas (MSAs) tracked by Zillow."
You Would Have to Be Fool to Buy a House Now
added - But wait! MSM wants you to feel upbeat, citizen!
Home prices stabilize in 60% of U.S. cities
posted by nolocontendere at 8:59 PM
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