According to Zillow, the U.S. rate of negative equity in the third quarter of 2015 dropped a full percentage from 14.4 percent to 13.4 percent. More than 6.5 million Americans, or more than 30 percent, are underwater on their mortgages.
Negative equity is down from 16.9 percent last year. Areas with high percentages of negative equity affects the entire community. In San Francisco, the rate of negative equity is only 5 percent. Homes are on the market for an average 27 days. See how the rest of the nation looks like.