in an already depressed housing market. dan springer live in seattle on this. what do the numbers mean there, dan? good morning. reporter: it means a lot of the foreclosures are now moving. it is a little bit of good news in an otherwise very bad housing market. we got news yesterday that the housing starts were down in august from july. so still a very tough market. we know millions of homeowners are underwater. the latest corelogic study came out last week. it showed 10.9 million mortgages are you know water. which mean the homeowners owe more than what they re worth. you add in another 2.4 million homes have 5% or less equity. that is 27.5% of all homes where the owners own more than what they can sell it for. many negative homes are owned by first-time home buyers who put very little down before the housing crash. she and her husband paid $600,000 for a two-bedroom condo. it is worth half that much and making all kinds of life changes for them.