MARKET UPDATE: Distressed Homeowners Slowly Coming Back

After nearly 6 years of depreciation, home prices are rising enough to bring nearly 2 million homeowners back from being severely underwater according to a report by CNN.

At this point, 17% of homeowners are considered severely underwater and in danger of losing their home, down significantly from 26% just a year ago.

There is still a lot of work to do, but good news nonetheless for distressed homeowners.

Source: CNN