The improvement has been seen in every region of the country, although it varies by location. While some states and cities are doing much better than average, others that experienced the strongest price increases and sharpest drop-off during the recession have a higher percentage of underwater mortgages.
Colorado as a whole is much better than the national average with just 14.2 percent of homeowners having negative equity. That’s down sharply from 20.7 percent just a year ago.
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