Tag Archives: Housing

Negative Homeowner Equity And Strategic Mortgage Defaults Boost Retail Sales But Pose Another Risk To Recovery

June 11, 2010 Drastic reductions in home values have driven many homeowners’ equity to negative levels, and returning to break-even will, for most, require several years. Consequently, a significant portion of these upside-down homeowners will walk away from their houses, even if they have the financial means to continue making payments. These strategic defaults have […]