Nearly 900,000 new homeowners are underwater on their mortgages, signaling a troubling shift in the housing market

Homeowners who are underwater on their mortgage are more likely to be in the Sun Belt, such as in Florida or Texas, a new report suggests. - Getty Images Nearly 900,000 homeowners are underwater on their mortgage as home prices fall, signaling a worrying turn in the housing market. That figure represents 1.6% of all mortgage holders in the U.S. While the share may seem like a small part of the overall market, it’s also the highest rate in three years, according to a new report by Intercontinental Exchang ...