In the last year, the number of homes with mortgages and negative equity has dropped by 5.1 percentage points in the Orlando-Kissimmee-Sanford area, according to a new CoreLogic (NYSE:CLGX) report.

“Negative equity, often referred to as being ‘underwater’ or ‘upside down,’ applies to borrowers who owe more on their mortgages than their homes are worth. Negative equity can occur due to a decline in home value, an increase in mortgage debt or both,” according to CoreLogic.

In first-quarter 2016,…