Fewer U.S. homes underwater as prices rise

Fewer U.S. homes underwater as prices rise More than 1.3 million U.S. homeowners who owed more on their mortgages than their homes were worth have regained equity this year,  Santa Ana-based data firm CoreLogic says. Increases in home values are giving homeowners not only more equity but the ability to refinance. Nationwide, home values saw the biggest annual …

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Underwater homes keeping a lid on inventory

Home prices saw the largest spring gain in a quarter century during the three months through May, but the sluggish economy threatens further price recovery, according to a monthly report from economists at real estate and mortgage data aggregator CoreLogic. After reaching a low for the downturn in February, home prices rose 5.6 percent during …

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