MIAMI (CBSMiami/AP) — If you live in Miami and owe more on your home than it’s worth, you’re helping put South Florida on the map for metro areas with more than a fair share of “underwater” homes in their communities.READ MORE: Miss USA Asya Branch Could Make History In Sunday's Miss Universe Competition At Seminole Hard Rock Hotel And Casino
A list compiled by the research firm RealtyTrac puts four Florida cities among the top housing markets with seriously “underwater” homes at the end of last year.READ MORE: Kid Reporter Damon Weaver, Who Interviewed Obama At White House, Has Died At 23
At the top of the list is Las Vegas but the Nevada gambling mecca is followed by Orlando, Tampa, Jacksonville, Cleveland, Miami, Detroit and Chicago.
Roughly a quarter of the homes in the Florida cities are underwater, a situation in which the loan on a home is greater than the worth of the property.MORE NEWS: Goodwill Ambassador Volunteers Get Specialized Training Ahead Of Miami Beach's Busy Holiday Weekend
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