A new survey finds almost 40 percent of homeowners who took out second mortgages are underwater on their loans — a result that reduces your ability to move, refinance or sell your house, and puts you at increased risk of foreclosure.
Almost 40 percent of homeowners who carry second mortgages are underwater on their loans, according to a new report from real estate data firm CoreLogic.
U.S. home prices fell 5 percent annually in the first quarter, erasing gains after the recession and putting more pressure on homeowners and the economy.
News today from the Case-Shiller home-price index says home prices in the nation's largest cities plunged to new depths in March. The index says these are the worst housing numbers since the Great Recession.
According to the S&P/Case-Shiller index, home prices dropped in March to the lowest levels since 2003. Juli Niemann, analyst with Smith Moore and Company, explains.
Migration between states reached record lows last year due to the continued effects of the recession, according to latest numbers from the Census Bureau. Kenneth Johnson, a senior demographer at the University of New Hampshire, explains.
Tess Vigeland and Marketplace Economics Editor Chris Farrell answer listener questions about saving money while in grad school and choosing a 529 plan for your newborn.
