Underwater mortgages are climbing in Florida and Texas housing markets

Underwater mortgages are climbing in Florida and Texas housing markets

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Since the Pandemic Housing Boom fizzled out in the summer of 2022, some overheated parts of the country—particularly in the West, Southwest, and Southeast—have experienced home-price declines from their peak (see this map). While many of these markets have seen only modest drops, a few metro areas, such as Punta Gorda, Florida, and…