Fittest loser
Article updated: 6/17/2013 7:23 AM

Housing recovers as underwater-borrowers shrink

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The number of borrowers who owe more than their homes are worth fell again during the first quarter, another sign of a rebounding housing market that is enjoying surging home prices, according to a report released.

Bloomberg News

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The number of borrowers who owe more than their homes are worth fell again during the first quarter, another sign of a rebounding housing market that is enjoying surging home prices, according to a report released. Only 9.7 million borrowers were underwater on their mortgage in the first quarter, or nearly 20 percent of mortgage holders, down from 11.4 million properties, or 23.7 percent of homes during the same period last year, according to research firm CoreLogic.
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