"It's hard to overstate just how much of a drag on the housing market negative equity really
is, especially at the lower end of the market, which represents those homes typically most affordable for first-time buyers,' While the continuing downward trend in underwater rates is a welcome sign of improvement in the housing sector, the company notes that the 'effective' negative equity rate, which includes homeowners with 20 percent or less equity in their homes, remains elevated at more than one in three. See How More Home Owners Remodel to Raise Home’s Value.
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