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Cami Elliott, president of the Phoenix Association of Realtors, said some homeowners who had been underwater within the past year are now able to break even or even profit when selling homes.

With home prices surging, percentage of underwater homes plummets

Sep 21, 2013 ◇ Kyle O'Donnell/Cronkite News Service

With prices surging, the percentage of Arizona homes that are underwater has fallen dramatically since last year. Read more»

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52% of Az home mortgages underwater

May 24, 2012 ◇ Samantha Stainburn/Global Post

The percentage of U.S. homeowners with mortgages who owe more than their homes are worth was 31.4 percent nationwide in the first quarter. Read more»


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