Report: 17% Boston Area Homeowners ‘Underwater’

BOSTON (CBS) – A new report says about 17-percent of Boston area homeowners are “underwater,” which means they have a mortgage balance that’s greater than their home’s value.

A year ago that rate was 11.7 percent, according to Zillow.

Lisa van der Pool of the Boston Business Journal reports.



More From CBS Boston

Download Weather App
Taz Show

Listen Live