Surging home prices have helped nearly two million homeowners get back above water on their mortgages over the past year.
During the first quarter, 9.1 million, or 17%, of homeowners were seriously underwater on their home, meaning their debt exceeded the home's value by 25% or more, according to RealtyTrac. That's down from 10.9 million, or 26%, of all properties a year earlier.
States with the highest percentage of seriously underwater homes included Nevada, Florida and Illinois.
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