RealtyTrac reported this week there are still 9.1 million U.S. residential homes considered "seriously" underwater (the mortgage exceeds the property's value by at least 25%).
The seriously underwater group accounts for 17.2% of all mortgages. The residential market has slowed considerably during the first half of 2014 and as we have discussed here numerous times; when interest rates resume their ascent higher home prices will resume their decline lower.
Here are the top 10 states with seriously underwater homes. Click for larger view: