Negative equity rate falls to 13.1% in the US in fourth quarter of 2015

Fewer home owners in the United States were underwater as the negative equity rate fell to 13.1% in the fourth quarter of 2015, according to the latest data to be published. But more than 820,000 underwater home owners still owe over twice as much on their mortgages as their homes are worth, a reminder that some owners may not see positive equity in their homes in the foreseeable future. The data from the Zillow Negative Equity Report also shows that six million home owners were still in negativ...