Fewer of us are upside down in our mortgages

Many of us know we owe more on our mortgages than our homes are worth. But here's a little bit of good news: Values show signs of stabilizing. The number of homeowners nationwide with negative equity – meaning their mortgages are higher than their home's value – fell to 21 percent in the third quarter, according to a report released today from Zillow.com. That's down from 23 percent in the second quarter. Locally, the Tampa metro area had an index value of $126,000, for a yearly drop of 16.6 percent. Values fell 2.2 percent from the second quarter, but just 0.7 percent from the August to September.

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