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Housing crash leaves young homeowners underwater

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Monday, December 03, 2012

Nearly half of all homeowners under 40 are underwater on their home loan.

Those young underwater borrowers are more likely than those 40 or older to be making their payments and less likely to be in foreclosure, the other housing bogeyman of the recession.

But they're also stuck in place -- literally, in that they'd have to cut a big check to sell their house -- but also in the figurative sense, when it comes to building wealth, their family and their careers.

Read more at OregonLive.com.

{biztweet}underwater mortgage{/biztweet}

 

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