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The American Empire in a Changing World



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Tuesday, November 8, 2011

'Nearly 29% of mortgaged homes underwater'

from msnbc....

"A whopping 28.6 percent of homeowners with mortgages owe more on their loans than their homes could sell for, according to quarterly data released Tuesday by Zillow, a real estate website. That's up from 26.8 percent in the second quarter. Home values declined only 0.2 percent from the second quarter but were down 4.4 percent year over year".........READ MORE

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