More than 1 million homeowners are underwater on their mortgage — a 7-year high. Here’s what experts advise they do.

One in 10 homeowners were underwater on their mortgage in 2025 in some cities in Florida, new data shows. - Getty Images/iStock About 1.1 million American homeowners were underwater on their mortgages at the end of last year as home prices stalled, signaling a deepening crisis within the housing market. That figure represents 2.1% of all mortgage borrowers in the U.S. Though the share may seem small in the context of the overall market, it’s also the largest since early 2018 and is also up nearly 60% fro ...