Negative Equity Rates Falling

Oct 2, 2014

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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Alaris Properties, LLC

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