Underwater mortgages are mortgages that are worth more than the value of the actual home.? Since the housing crisis began, a number of homes across the nation have gone ?underwater? due to changes in market value.? Rochester, Albany, and Buffalo, however, have some of the lowest percentages of underwater mortgages in the country. Each of the cities? housing markets remained fairly stable during the housing crisis, and many experts believe that it is because they were likewise unaffected by the housing bubble prior to the fall.? Additionally, Buffalo?s housing market is picking up steam, with home values rising 4%.

You can read about the five cities that have the lowest number of underwater mortgages here: Underwater