US – More Positives

The latest (Q4 2012) Zillow Negative Equity Report suggests that the number of mortgaged home-owners in negative equity in the US is at 27.5 per cent; down from 31.1 per cent a year ago.

The Zillow Negative Equity Forecast predicts the negative equity rate will fall further to 25.5 per cent or lower by Q4 2012; taking a further one million home-owners into positive territory.

‘As home values continue to rise and more home-owners are pulled out of negative equity in 2013, the positive effects on the housing market will be numerous. Freed from negative equity, home-owners will have more flexibility, and some will likely choose to list their home for sale, helping to ease inventory constraints and moderating sometimes dramatic, demand driven price increases in some markets.’

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