The national negative equity rate, which had declined for 2 1/2 years, stalled in the fourth quarter of 2014 at 16.9 percent, according to a new report from Zillow.
Negative equity refers to when a homeowner owes more a mortgage than the value of the home if sold on the market.
In the fourth quarter, the rate worsened in 21 of the nation’s top 50 housing markets, including Philadelphia, Boston and Houston.
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