More homeowners in negative equity

Almost one-third of U.S. homeowners who bought in the last five years have negative home equity, meaning they owe more on their mortgages than their properties are worth, according to Zillow.com. Second-quarter home prices fell 9.9 percent from last year, putting 29 percent of owners in negative equity. Zillow.com also reported that 45 percent of those who bought homes in 2006 have negative home equity.