“Five years after the housing bubble collapsed, a staggering one in five mortgage holders still owe more than their home is worth. At its worst in early 2012, almost 16 million Americans were under water on their mortgage. 11 million out of a total of 50 million mortgage holders remain in what financial folks call a negative equity position. ‘This is the new normal in the housing market,’ said Svenja Gudell, director of economic research at Zillow, an online real estate database, ‘We will have high levels of negative equity for some time.’ Out of the 75 million homeowners around the country, about one in seven stay trapped in their homes, unable to move or sell.”
http://www.newsweek.com/two-numbers-housing-market-breathes-under-water-225429
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