Homes that were bought at the top of the market are now floundering in negative equity. Svenja Gudell, director of economic research at Zillow, says there’s a good chance that such properties will never be worth the mortgage debt owed on them.
Homes that were bought at the top of the market are now floundering in negative equity. Svenja Gudell, director of economic research at Zillow, says there’s a good chance that such properties will never be worth the mortgage debt owed on them.