27 Apr '12, 4pm

Insight: Falling home prices drag new buyers under water - Today's Most ...: A real estate for sale sign is disp...

Insight: Falling home prices drag new buyers under water - Today's Most ...: A real estate for sale sign is disp...

A real estate for sale sign is displayed outside a home in Chandler Heights, Arizona June 2, 2011. Credit: Reuters/Joshua Lott By Tim Reid Thu Apr 26, 2012 1:12pm EDT (Reuters) – More than 1 million Americans who have taken out mortgages in the past two years now owe more on their loans than their homes are worth, and Federal Housing Administration loans that require only a tiny down payment are partly to blame. That figure, provided to Reuters by tracking firm CoreLogic, represents about one out of 10 home loans made during that period. It is a sobering indication the U.S. housing market remains deeply troubled, with home values still falling in many parts of the country, and raises the question of whether low-down payment loans backed by the FHA are putting another generation of buyers at risk. As of December 2011, the latest figures available, 31 percent of the U.S. hom...

Full article: http://sfluxe.com/2012/04/27/insight-falling-home-prices-...

Tweets

Private home prices finally fall, ater 9 consec...

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nah! @yunasyah

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Hope you find this insight useful.

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