Rising home prices continue reducing the number of people who have a mortgage that exceeds the value of their house. In the Twin Cities metro, 8.0 percent, or 46,099, of all residential properties with a mortgage were in negative equity at the end of the second quarter, according to CoreLogic. That's compared with 10.4 percent during the first quarter and 10.7 percent nationwide.
The states with the higher rate of negative equity:
- Nevada: 26.3 percent
- Florida: 24.3 percent
- Arizona: 19.0 percent
- Illinois: 15.4 percent
- Rhode Island: 14.8
