Rising Number of ‘Seriously Underwater’ Mortgages in the US as Equity Dwindles
In recent years, the number of US homeowners with mortgages that are “seriously underwater” – where the loan amount exceeds the property’s market value – has been on the rise. This trend, driven by a combination of factors such as declining property values and stagnant wage growth, has raised concerns over the long-term financial stability […]
Rising Number of ‘Seriously Underwater’ Mortgages in the US as Equity Dwindles Read More »