Thanks to improving home prices, fewer mortgage borrowers owe more on their homes than they are worth.
More than 700,000 homeowners were no longer underwater on their homes during the first quarter, according to CoreLogic.
According to the report, 11.4 million — or 23.7% — of mortgage borrowers were underwater on their homes at the end of March. That’s down from the 12.1 million, or 25.2%, of borrowers who were underwater three months earlier.
Read More: 700,000 borrowers no longer underwater on mortgages
Author Bio:
Travis Saxton is the marketing and technology manager at REAL Trends. Prior to operating this arm for REAL Trends, Travis was the director of online services for a newspaper consulting company. He greatly enjoys working with real estate companies adapt new cutting edge strategies and perfecting their online presence and systems. He has experience in the following areas: Websites, SEO/SEM, CRM/Lead Generation Systems, Traditional Marketing and Social Media Marketing, Real Estate Technology Consulting.
Travis Saxton is the marketing and technology manager at REAL Trends. Prior to operating this arm for REAL Trends, Travis was the director of online services for a newspaper consulting company. He greatly enjoys working with real estate companies adapt new cutting edge strategies and perfecting their online presence and systems. He has experience in the following areas: Websites, SEO/SEM, CRM/Lead Generation Systems, Traditional Marketing and Social Media Marketing, Real Estate Technology Consulting.
