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-Reads From TIME
- How an Alleged Spy Balloon Derailed an Important U.S.-China Meeting
- Effective Altruism Has a Toxic Culture of Sexual Harassment and Abuse, Women Say
- Inside Bolsonaro's Surreal New Life as a Florida Man—and MAGA Darling
- 'Return to Office' Plans Spell Trouble for Working Moms
- 8 Ways to Read More Books—and Why You Should
- Why Aren't Movies Sexy Anymore?
- Column: Elon Musk Should Not Be in Charge of the Night Sky
- How Logan Paul's Crypto Empire Fell Apart
- 80 for Brady May Not Be a Masterpiece. But the World Needs More Movies Like This
