Improving home prices continues to drive negative equity lower

Negative Equity

The increase in home values have helped many homeowners right the ship in terms of having equity in their house. Back in January 2012, 41% of homeowners were upside down in terms of owing more on their home than what their house was worth. One year later, only 18% of the county’s houses are underwater. That is great news for the housing industry. Now many homeowners who have been sitting on the sidelines wanting to sell are now able to.