Florida still struggles to catch up with the rest of the country as it climbs out from under one of the country's worst recessions. Even though there is still a struggle in Florida, more people are finding they are able to avoid home foreclosure compared to those who were struggling a few years ago. One encouraging sign for the Florida home market is the slight downward trend of "underwater" mortgage homes.
A home is considered underwater if the current value is less than what the homeowner still owes on the mortgage. If someone is struggling to make payments on a home that is underwater, they can't sell the home to escape the burden because they would essentially owe more than they could sell it for. As home values increase again in Florida, fewer people will have to face this depressing prospect.