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Real Sonoma

News and conversation about Sonoma County real estate

“Long, Bleak Winter” Ahead as More U.S. Homeowners Go Underwater

The bad news is that more U.S. homeowners went underwater in the third quarter. The slightly better news is that the San Francisco market, and presumably Sonoma County, bucked that trend. Zillow.com reports last quarter 23.2 percent of all home mortgage holders owed their lenders more than their homes were worth. That compares with 22.5 percent in the second quarter and 21.7 percent a year ago. Zillow Chief Economist Stan Humphries predicted “a long, bleak winter of continued troubles for… Read More »