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'Seriously underwater' mortgages are on the decline across South Florida as higher home prices restore equity to homeowners.
There are fewer Denver-area homeowners underwater on their mortgages compared with last year, according to a new report. That’s according to research by California-based real estate analytics.
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Roughly 280,000 south florida homeowners with a mortgage were "seriously underwater" in the first quarter, though higher home prices continue to restore equity lost during the housing bust, a new.
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Fewer underwater mortgages as higher home prices help owners regain equity – South Florida Sun Sentinel 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.
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