Baltimore homeowners with negative equity improves

The percentage of Baltimore-area homeowners with mortgages in negative equity — or underwater — improved slightly in the third quarter, on par with the national average.

Some 28.1 percent of Baltimore homeowners were underwater in the third quarter, down from 30.8 percent in the second quarter, according to real estate website Zillow.com.

A mortgage with negative equity means a homeowner owes more on their mortgage than their home is worth.

Nationally, 28.2 percent of all homeowners with mortgages…