Underwater homeowners keep emerging from debt

house-underwater1

Just 15 percent of Palm Beach County homeowners were “seriously underwater” during the third quarter, less than half the level of three years ago, according to Attom Data Solutions.

The real estate research company defines seriously underwater as owing more than 125 percent of a home’s value.

Meanwhile, 27 percent of Palm Beach County homeowners are “equity rich,” meaning they owe less than half the home’s value.

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