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Annie Baxter
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Report: Rising home prices means more equity for homeowners

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Rising home prices in the third quarter helped Twin Cities homeowners build more equity in their homes.

About 10 percent of all Twin Cities residential properties with a mortgage were "underwater," meaning the homeowners owed more than their properties were worth, the housing research firm CoreLogic reported on Tuesday.

The number marked a big improvement over the same period last year, when more like 18 percent of homes with a mortgage were underwater.