Home prices jumped 10 percent in the first quarter but one-quarter of homeowners are still under water on their mortgages.
For individuals counting on the equity in their homes to get them through retirement, the number of mortgage holders who are under water continues to be a negative sign, particularly for those closest to retirement.
New research from Zillow.com found that 25.4 percent of homeowners nationwide are under water on their mortgages, meaning they owe more on their homes than the house is worth. An additional 18.2 percent of homeowners with mortgages, while not under water, don't have enough equity in their homes to be able to move.
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