By Gino Blefari, President & CEO, Intero Real Estate Services, Inc.
For quite a few years during and after the economic downturn, negative equity – when more is owed on a mortgage than a home is worth – was a real problem for homeowners. And while some markets in the U.S. haven’t quite crawled completely out of the situation, others certainly have.
In fact, the National Association of Realtors this week released data showing the 10 markets in the U.S. where equity has improved the greatest since the fourth quarter of 2010. They are:
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