What Cities’ Homeowners Are the Most Underwater?

As the housing market collapsed and home prices plummeted, Americans lost vast amounts of wealth. Homeowners in some cities were hit particularly hard — Las Vegas and Orlando, Fla., are now effectively “underwater,” with more mortgage debt than property value over all.

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Source:
Gloom Grips Consumers, and It May Be Home Prices
NYT, October 18, 2011

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