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.