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Did the Wall Street Journal misunderstand your statistics?

tinglis0
Contributions: 1

tinglis0

Contributions: 1

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:1

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Can it possibly be true that 30% of all homeowners have a morgage that exceeds the value of their home? What percentage of homeowners don't have a mortgage?

I'm glad I live in Pittsburgh..

Tim Inglis
tinglis_2000@yahoo.com

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May 06 - Franklin Park

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Amy Bohutinsky, "AmyB"
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Amy Bohutinsky, "AmyB"

Seattle, WA

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There was a clerical error in an early version of Q1 data Zillow provided to WSJ. The story has since been corrected to indicate that just over 1:5 all homeowners is now underwater on a mortgage. Still a big number, unfortunately. You can read more here in our blog post:
http://tinyurl.com/dzfwpo

And look up data by metropolitan area here:
http://www.zillow.com/reports/RealEstateMarketReports.htm

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May 06

sunnyview
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sunnyview

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Zillow All-Star

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You might want to check out this Retuer's article here that has the Zillow stats. I think they said 1 in 5 homeowners are underwater. Incredible to consider.