Negative Equity

Prospective buyers in the recovering housing market are finding a much harder time than expected to purchase a home, as a shortage of good properties for sale drives cutthroat competition.
Jun 11, 2012   Los Angeles Times
About one out of every five homes in America is worth less than what is still owed on its mortgage. The highest rates of negative equity are in Nevada, Michigan, Arizona, Florida and California.
Mar 6, 2009   Time