Zillow, the real estate website, released a report that stated that a smaller percentage of homeowners are underwater on their mortgages. This is good news! Even if Zillow isn't always correct in their values for homes, the fact that less people have homes that are worth less than the money owed on them is a good sign. Another good sign in the report was that home values didn't drop between the second and third quarter. While not rebounding, the market may at least be stabilizing over all.
Read an article about the report here.
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