Marketplace Morning Report for Friday, February 28, 2014
The number of homeowners who are underwater on their mortgages is below 20 percent for the first time in a long time, according to a new report. Good news, right? Well, not quite. The percentage of people who are essentially underwater – meaning they can’t sell their homes for enough to cover the cost of listing the house and buying a new one – is still almost 2 out of 5. And another study says that what really makes for a good start-up and entrepreneurial culture in a city is high school graduates, not venture capitalists.
The number of homeowners who are underwater on their mortgages is below 20 percent for the first time in a long time, according to a new report. Good news, right? Well, not quite. The percentage of people who are essentially underwater – meaning they can’t sell their homes for enough to cover the cost of listing the house and buying a new one – is still almost 2 out of 5. And another study says that what really makes for a good start-up and entrepreneurial culture in a city is high school graduates, not venture capitalists.
