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IRVINE, CA-Fewer underwater homeowners translates to increasing equity, which is a step in the right direction for the housing industry, experts say. As negative equity fades and positive equity increases, more homeowners will be able to reenter the home-selling and buying market, which is good news for an industry starving for inventory.

As GlobeSt.com reported earlier today, 10.7 million residential homeowners nationwide owe at least 25% or more on their mortgages than their properties are worth, according to RealtyTrac. Also, another 8.3 million homeowners are either slightly underwater or slightly above water, putting them on track to have enough equity to sell sometime in the next 15 months without resorting to a short sale, the firm reports.

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