Only 10% of San Diego homeowners are currently underwater.
Attributed to the rising average price of homes in San Diego, fewer homes in the area are considered underwater. In fact, only 10 percent of homeowners in San Diego have negative home equity — 7 percent below the national average, according to Zillow.
San Diego ranks number six in the list of metropolitan areas with the lowest percentage of underwater homes. San Jose has the fewest with only 4.6 percent, followed by Austin, Houston, Los Angeles, Denver, and then San Diego.
Read more on this real estate update by viewing Times of San Diego’s article here.