Actually another article states 1 IN 4 (Bloomberg) but didn’t allow posting :o)
Almost a Quarter of US Homeowners Are Underwater
And at least 90% of stock/mutual fund-owners took a severe cut in their portfolios bottom line this year. That fact always seems to get over looked in all this whining about decreased home prices.
I have three nephews who have been able to purchase homes this year because prices have become more affordable.
Good news for them!