PHOENIX - A report released Wednesday night shows the number of Phoenix homeowners who are underwater on their mortgages has fallen.
Zillow Negative Equity Report shows that nationwide, negative equity declined in the second quarter.
Of the top 30 markets that Zillow tracks, Phoenix and Miami saw the biggest drops in negative equity as home values rose substantially in those markets.
Zillow's report shows that Phoenix home values are up 13.4% from July of last year, the biggest increase out of the top 30 markets Zillow tracks, according to a news release.
Las Vegas continues to see the highest negative equity rate, with 68.5 percent of borrowers underwater.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
This Memorial Day, the New York Pizza Department is honoring those who have served in the military by giving away some free pizza.
You don't have to be a professional football player to play with the pros, you just need your Smart Shopper card!
Are you looking for love in all the wrong places? I found some free dating sites to help!
More Personal Finance
If you are currently out of the work force or looking for a new job, there are hundreds of employers looking for workers in the Valley.