U.S. homeowners had some good news this year when it was announced that the number of homes that are considered ‘underwater’ has declined by almost half — but the luck has not been spread evenly across the country.
For a home to be considered ‘underwater,’ the purchase loan has a higher value than the current market rate of the home itself. And whereas rising home prices are helping some homeowners get back in the black, some cities still have an underwater rate higher than the nationwide average.
Las Vegas tops out the list with 31.8% of homes underwater, check out the video above to see the rest.
More Must-Read Stories From TIME
- Employers Take Note: Young Workers Are Seeking Jobs with a Higher Purpose
- Signs Are Pointing to a Slowdown in the Housing Market—At Last
- Welcome to the Era of Unapologetic Bad Taste
- As the Virus Evolves, COVID-19 Reinfections Are Going to Keep Happening
- A New York Mosque Becomes a Refuge for Afghan Teens Who Fled Without Their Families
- High Gas Prices are Oil Companies' Fault says Ro Khanna, and Democrats Should Go After Them
- Two Million Cases: COVID-19 May Finally Force North Korea to Open Up
Read More From TIME
