Did the Wall Street Journal misunderstand your statistics?

Profile picture for tinglis0
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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0Yes

May 06 2009 - Franklin Park
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Answers (2)

Profile picture for AmyB
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 2009
Profile picture for sunnyview
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.
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May 06 2009
 

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