Report: Rising home prices means more equity for homeowners

Rising home prices in the third quarter helped Twin Cities homeowners build more equity in their homes.

About 10 percent of all Twin Cities residential properties with a mortgage were "underwater," meaning the homeowners owed more than their properties were worth, the housing research firm CoreLogic reported on Tuesday.

The number marked a big improvement over the same period last year, when more like 18 percent of homes with a mortgage were underwater.

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