For the first-half of 2015, the US rate of underwater homeowners continued to drop. Underwater homeowners are those who owe more on their home than it's worth as stated in a past report by yahoo.com. This scenario is usually seen in homes in the low end housing market.

Luckily, negative equity rate of housings have declined due to the fact that homes at the low end have been appreciating faster than homes across the US.  Zillow reports that 14.4 percent of all mortgaged single-family homes in the US are underwater homes. On one hand, condos have lagged behind in the recovery at 19.3 percent.

Since condos have recovered slowly, more condos are more upside down in every large US housing market except Pittburg, Detroit, and Memphis.

Below is the list of top 10 markets where condos are deeper underwater than single-family homes as provided by Zillow.

  • Jacksonville, FL.The negative equity rate for single-family homes in Jacksonville is at 21.3 percent, more than half the 41.5 percent rate for condos.
  • Chicago, IL.32.6 percent of condo owners in Chicago are upside down on their mortgage, and 19.2 percent of single-family home owners are upside down on theirs.
  • Orlando, FL.Orlando comes in third with 16.8 percent of single-family homes in negative equity and 29.9 percent of condosarein the same boat.
  • Sacramento, CA.12.5 percent of single-family homeowners in Sacramento owe more on their home than it's worth, compared to the 25.4 percent of condo owners.
  • Las Vegas, NV. The negative equity rate for condo owners in Las Vegas is 36.7 percent. The rate is 23.8 percent for single-family homeowners.
  • Providence, RI.25.9 percent of condo owners in Providence are upside down on their mortgage. The rate drops to 14.4 percent when it comes to single-family homes.
  • Columbus, OH.Single-family homes in Columbus have a 13.1 percent negative equity rate, compared to a rate of 24.6 percent in condos.
  • Virginia Beach, VA. The negative equity rate for single-family homes in Virginia Beach is 21.7 percent. That rates jumps to 32.8 percent forcondos.
  • Hartford, CT. 25.4 percent of condo owners in Hartford are upside down on their mortgage, compared to 15.1 percent of single-family homeowners.
  • Minneapolis-St. Paul, MN. In Minneapolis, the negative equity rate for condo-owners is 22.1 percent. This rate drops to 12 percent in single-family homes.