By TIME Video
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
- The 100 Most Influential People of 2024
- The Revolution of Yulia Navalnaya
- 6 Compliments That Land Every Time
- Stop Looking for Your Forever Home
- If You're Dating Right Now , You're Brave: Column
- The AI That Could Heal a Divided Internet
- Fallout Is a Brilliant Model for the Future of Video Game Adaptations
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time
Contact us at letters@time.com