More than a decade after the housing market collapsed, the share of homeowners who owe more than the value of their home is 9.1%, falling below 10% for the first time since the housing market fell, according to Zillow®’s 2017 Q4 Negative Equity Report.

The typical U.S. home lost more than a quarter of its value when the market crashed, sending millions of homeowners into negative equity, when their homes’ values were lower than the balances on their mortgages. Now, though, national home values are higher than ever, and many owners who held on to their homes throughout the housing crisis have resurfaced on their mortgages.