Few Denver Mortgages Are Underwater, Report Says

October 22, 2015
Photo: Real estate in Denver
A sign stands outside a home for sale in south Denver. 

Rapidly rising home values in Denver may be hurting would-be buyers, but they are helping homeowners in a number of ways. One is the extraordinarily low number of mortgagees that exceed the actual value of the home --  fewer than almost anywhere in the country. 

Only about 4 percent of mortgages in the Denver metro area are seriously underwater, according to RealtyTrac. That’s just a fraction of the national rate of 12.7 percent and down sharply in a dramatic way from 2013 when nearly one in four homes were seriously underwater.  Colorado as a whole is also performing much better than the nation.    

You Care.

You are one of the CPR readers who wants to know what is really going on these days. We can help you keep up - The Lookout is a free, daily email newsletter with news and happenings from all over Colorado. Sign up here and we will see you in the morning!