As home prices and values drop, a small percentage of homeowners will be underwater — owing more on the mortgage than the house is worth.
Homebuyers beware, House prices have hit bottom in Nanaimo.
1. Overpaying a median $65k over asking doesn't make your home
Imagine buying a home where land prices more inflated than the
US housing market still falling US housing and sub-prime crisis
1️⃣ Are interest rates too high to buy a house right now? 2️⃣
How Many Homes Will Be Underwater on Mortgage as Prices Drop
Mortgage brokers are hiring like mad as home-loan rates plunge
Percentage of Underwater Homes Increase in More Than Half the U.S.
Home Price Declines Leave 450,000 Borrowers Underwater - Inman
What It Means to Be Underwater on Home Mortgage If Property
Foreclosure rate steadily increasing in Fort McMurray
As US home prices decline, number of buyers with underwater
