Are Home Prices Drowning?
The third quarter of 2010 registered a decline of 4.3 percent year-over-year and dropped 1.2 percent as compared to the same quarter last year, according to Zillow.com.
Underwater homes -- those with negative equity, when a is larger than its value -- grew to 23.2 percent of single-family homes carrying mortgages. The markets with highest percentage of underwater in the third quarter were Las Vegas (80.2 percent) and Phoenix (68.4 percent).
These AOL Real Estateguides can help, whether you're in the market to buy or sell:
- First-Time Homebuyer's Guide
- How to Price a Home to Sell Fast
- How to Get a Low Mortgage Rate
- How to Sell Your Home in a Short Sale
- How to Buy Foreclosures
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Get property tax help from our experts.