Christine Rotz’s story is hardly unusual. She bought her home at the peak of the market, and has watched its value deteriorate for two years.

Today, her home is worth about half of what it was, and Rotz wonders if she’ll ever break even.

“I mean I’m hoping that, you know, it’ll be less than forever, maybe five ten years but at the rate things are going it just keeps depreciating more and more and not going up,” she said.

In Arizona, more than 51 percent of homes have negative equity — meaning the market value is less than the value of the loan. According to the real estate tracking firm, First American Core Logic, about 706,000 homes in Arizona have negative equity.

Full story is available on abc15.com