May 10, 2011 6:15 PM GMT
Negative Equity: 28.4% of all single-family homes with mortgages are "underwater"
"First quarter data has prompted Zillow to revise its forecast, now predicting a bottom in 2012, at the earliest."
Wow....those numbers are pretty accurate. It is showing that homes have dropped an average of 36.1% in Los Angeles and that is exactly what mine has dropped. Thankfully, I'm not underwater.