Fewer Atlanta homeowners with troubled mortgages

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ATLANTA (AP) - Rising home prices in the Atlanta metro area are helping homeowners who have owned more on their mortgages than their homes were worth.

The Atlanta Journal-Constitution (http://bit.ly/1d3b9HJ ) reports that a new study from the online real estate service Zillow shows 35 percent of metro Atlanta homeowners with outstanding loans owed more on the homes than they were worth. The study was for the fourth quarter. The 35 percent was down significantly from 54 percent a year ago.

The study says Atlanta, Orlando and Las Vegas remain the top three areas for homeowners dealing with negative equity.

S&P; Case-Shiller reports that home prices in the metro Atlanta area rose more than 18 percent in 2013.

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Information from: The Atlanta Journal-Constitution, http://www.ajc.com

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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