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Rate of underwater homeowners in Philadelphia continues to fall: Report

from The Philadelphia Inquirer

Researchers at Zillow doing third-quarter analysis nationally and regionally determined that the number of homeowners with mortgages considered underwater (called the "negative equity rate") fell to 10.9 percent nationally and 11.8 percent in Philadelphia. While the city rate exceeds the national rate, both numbers are down from the previous quarter and year-over-year. more

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