More Chicago-area homeowners underwater on mortgages - Los Angeles News | FOX 11 LA KTTV

More Chicago-area homeowners underwater on mortgages

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CHICAGO (FOX 32 News) -

More Chicago-area homeowners are underwater on mortgages, bucking a trend of improving home prices nationally.

According to Core Logic, 33.3 percent of Chicago-area homes were underwater in the fourth quarter.

That's up from 29.6 percent in the third quarter.

Nationally, 21.5 percent of properties were underwater in the 4th quarter, compared with 22 percent during the third quarter.

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