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A dynamic that gives us even more confidence about the housing market is the amount of equity that homeowners have in their property.
Equity is of course the difference between the value of the property and the amount that is owed against it.
In Larimer County, 53% of homeowners have at least 50% equity in their homes. In Weld County, the number is 38%.
It is interesting to note that Nationally, only 1.8% of homeowners are ‘underwater,’ meaning that the value is lower than what is owed against the property.
In 2009, 26% of homeowners were underwater.
