Underwater mortgages drop in South Florida
Thursday Mar 30th, 2017
ShareThanks to steadily increasing home prices, fewer South Florida owners are weighed down by “underwater” mortgages, two recent reports show. At the end of last year, 30,442 Palm Beach County homeowners with a mortgage, or 10.6 percent, owed more than the property is worth, down from 41,046 people, or 14.2 percent in the same period of 2015, according to the CoreLogic research firm. In Broward County, 46,443 homeowners, or 12.6 percent, were under water, compared with 63,782,... [read more]