More Evidence Of The Recovering Housing Market

January 10, 2014 12:30 AM
More Evidence Of The Recovering Housing Market
" BOSTON (CBS) – The housing market appears to be gaining strength, as more homes emerge from being underwater on their mortgages.

A report from RealtyTrac finds the rate of negative equity, where homes are worth less than the value on their mortgage, is improving.

“(Negative equity) has been one of the major lingering problems from the housing crisis,” according to RealtyTrac Vice President Daren Blomquist "

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