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South Fla. Homes Gaining Equity Again
Purchase year |
% of homes with negative equity in Miami-Dade, Broward and Palm Beach counties |
2004 |
43.5% |
2005 |
76.8 |
2006 |
88.2 |
2007 |
86.1 |
2008 |
47.7 |
2009 | 16.6 |
Source: Zillow Real Estate Market Reports, first quarter 2009 |
Fewer homeowners in Miami-Dade, Broward and Palm Beach counties owe more on their homes than the homes are worth.