ATTOM Data Solutions' Q2 2016 U.S. Home Equity and Underwater Report reveals that only 11.9% of all U.S. properties with a mortgage were seriously underwater at the end of the second quarter of 2016 compared to 12% the previous quarter and 13.3% in the second quarter of 2015. The RealtyTrac staff takes a look at this decrease and one of the major reasons behind it, rising home prices which reached an all-time nationwide in June.

While there was improvement in the number of underwater properties, some metropolitan areas still had high shares of these buildings:

Among 88 metropolitan statistical areas analyzed for the report with a population of 500,000 or more and sufficient data, those with the highest share of seriously underwater properties were Cleveland, Ohio (27.5 percent); Las Vegas (25.7 percent); Akron, Ohio (24.9 percent); Dayton, Ohio (24.1 percent); and Toledo, Ohio (23.6 percent).

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