DALLAS – Less than 2 percent of Texas residents owe more than their house is worth, the lowest percentage of underwater homeowners in the country, according to a new report by CoreLogic.
Nationwide, about 8 percent of homeowners still have mortgages higher than their property value.
Nevada had the highest percentage of homes in negative equity at 17.5 percent, followed by Florida with 15 percent.
In the Dallas area, only 1.8 percent of homeowners are upside down in their mortgage, compared with 2009, when that number was almost 30 percent.
Houston was also among the cities with the lowest number of underwater homes in the first quarter, along with San Francisco and Denver.
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