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Housing market recovery exceeds expectations
The U.S. housing market is recovering faster than most people anticipated, saving 8 million underwater homeowners from dire economic circumstances, Bloomberg reported.
More than 12 million borrowers owed more money on mortgages than their homes were worth at the height of the economic recession. But housing value is on the rise and the number of underwater homeowners decreased by about 4 million to a total of 7 million in 2012.
IN FOCUS TODAY
Friday, May 17, 2013 - 4:41am
More than 17,000 Baltimore students miss 20 or more days of school a year. Many of these...
Friday, May 17, 2013 - 4:37am
WYPR's Fraser Smith and Karen Hosler talk about changes to the horse racing industry in Maryland...
Thursday, May 16, 2013 - 7:00am
Attorney General Doug Gansler may run for governor in 2014, but he's moving toward a decision...