Rising home prices "rescue" underwater homeowners

``Demonstrating the power of rising home prices, the number of underwater homeowners has dropped below 10 million for the first time in more than at least three years... [but] If prices continue to rise, more borrowers will likely list homes for sale. That will moderate price gains in many of the fast-appreciating markets, says Mark Fleming, CoreLogic chief economist.'' -- This also doesn't matter much if people cannot borrow against the "rising value" in their homes, which by all indications suggests they cannot (at least not nearly to the degree as before 2008).