What happened in Vegas, this time, didn’t stay in Vegas. There, 2 out 3 houses are upside down: they owe more than their homes are worth.

Nationwide,

the number of borrowers who are underwater climbed to 20.4 million at the end of the first quarter from 16.3 million at the end of the fourth quarter. The latest figure represents 21.9% of all homeowners, according to Zillow, up from 17.6% in the fourth quarter and 14.3% in the third quarter.

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