The number of homeowners who owe more for their house than it is worth fell by 1.7 million between 2011 and 2013, according to the Census Bureau's biennial American Housing Survey.
Just over 5 million homeowners reported in 2013 that they were underwater on their mortgage—or 11 percent of homeowners with a mortgage. This was less than the 6.8 million and 14 percent of homeowners with a mortgage who reported being underwater in 2011. Despite the progress, the 2013 figure is more than double what it was in 2007.
Number (and percent) of homeowners with a mortgage who are underwater
2013: 5.1 million (11 percent)
2011: 6.8 million (14 percent)
2009: 5.8 million (12 percent)
2007: 2.5 million (5 percent)
Source: Census Bureau, 2013 American Housing Survey
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