Real estate experts: 50% of Valley homes underwater: "PHOENIX - It's another sign of the troubling times in the Phoenix area housing market.
Several real estate experts agree that more than 50% of homeowners in the Valley are underwater.
“There have been other reports they even have worse numbers, 66-67%,” said Dr. Jay Butler, director of realty studies at Arizona State University.
“I think most people thought by now we'd at least be working our way through the problem but it seems to be getting a little worse,” said Butler.
With more people walking away from their homes, the val" >>>READ ENTIRE ARTICLE BY CLICKING TITLE LINK ABOVE