Zillow’s most recent report states that the percentage of homes with negative equity in metro Denver fell to 9.7 percent in the second quarter of 2014, a substantial drop from the second quarter of 2013, when the negative equity rate in the area was 15.3 percent.
- Metro Denver’s negative equity rate has fallen 70 percent since its peak in 2011.
- The Zillow Negative Equity forecast predicts that the negative equity rate among all homeowners with a mortgage in metro Denver will fall at least 8.8 percent by the second quarter of 2015.
- The Zillow report also shows that nationally, millennial homeowners held 19.6 percent of all underwater mortgages while Generation X held 18.7 percent and baby boomers held 10.9 percent.
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