Slider

Underwater Borrowers Beginning to Float?

CNNMoney says the S&P CaseShiller home price index (HPI) of 20 major metropolitan markets indicates prices in Nov. were up 5.5 percent over Nov. 2011, the largest monthly increase since Aug. 2006, before the housing balloon deflated. As MHProNews understands, rising prices means fewer homeowners will be underwater on their mortgages, which will allow them to refinance at a more favorable rate, thereby stimulating the economy. Only New York of the 20 posted a modest decline. Still, the HPI is 29 percent below the summer of 2006 home price peak.

(Image credit: texaslendingtoday)

15585

Subscribe to the Documented #1

Most-Read - Professional Emailed Headline News

Delivered x2 weekly to your inbox. 

Manufactured Home "Industry News,

Tips, and Views Pros Can Use."   ©

 

Where "We Provide, You Decide."  ©

15856
mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

Scroll to Top