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Homes Worth Less Than Their Mortgages

Eight Million Americans Are Paying More Than What Their Homes Are Worth

In just two weeks' time, the value of her home dropped from $250,000 to $220,000 in value. The Canavans are just hoping, like millions of others, that the market will recover.

But those same economists we talked with today say this 10 percent figure -- the 8 million people who are paying more than their home is worth -- is only going to rise.

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