1 in 5 US homeowners owe more on their house than what it is worth

Zillow.com released a statement today that the real estate market may go into a double dip recession as 1 in every 5 homeowners are underwater with their current mortgage.  Zillow's Chief Economist says that home values may drop another 5% and finally hit the bottom as major markets are now indicating. If you did not hear this today, here is a link with the video:

http://www.zillow.com/blog/zillow-chief-economist-stan-humphries-talks-about-double-dip-in-home-values-on-bloomberg-tv/2010/02/10/