Tag Archive for Props

CoreLogic: Negative equity props up home prices in toughest markets | HousingWire

“Negative equity is typically a demand-side obstacle to sales and refinances, but currently is also restricting the supply of homes for sale,” Khater said. In markets where more than half of borrowers are underwater, the average supply drops to 4.7 months, compared to 8.3 months in healthier areas. As a result of the restricted supply,…