Home Prices Rise, But Millions Of Homeowners Remain Underwater

For most homeowners, the tide is rising. Home prices have increased some 6 percent in the last 12 months and interest rates remain low. But eight years after the start of the housing crisis, millions of American homeowners are still underwater and struggling to recover. The share of underwater mortgages increased in 21 of the 50 largest U.S. cities in the final three months of 2014. The overall share of homeowners who owe more on their houses than they are worth, otherwise known as the negative ...