Housing Pain Gauge: Nearly 1 in 6 Owners 'Under Water' - WSJ.com

Housing Pain Gauge: Nearly 1 in 6 Owners 'Under Water' - WSJ.com: "The relentless slide in home prices has left nearly one in six U.S. homeowners owing more on a mortgage than the home is worth, raising the possibility of a rise in defaults -- the very misfortune that touched off the credit crisis last year.The result of homeowners being 'under water' is more pressure on an economy that is