Homes are “equity-rich” when owners owe less than 50% of what their homes are worth and “underwater” when they owe more than the entire value of the house.
This week, Marketplace Money and The New York Times team up to tell the story of home ownership in America three years after the housing bubble. View our interactive map and listen to our special podcast.
The national foreclosure rate increased by more than 3 percent in October compared to the previous month. Some groups across the country are trying to change that by buying underwater mortgages and keeping families in their homes.
