Typical Gen X homeowner has more home equity than before the housing collapse Fewer Gen X homeowners are "underwater" and their median home equity has doubled % of homeowners who owe more on their home than it is worth Median home equity in 2016 dollars
First, they are the only generation to have recovered the home equity they lost in the downturn. The typical home equity level of Gen X homeowners has doubled since 2010, though this was not achieved without considerable borrower distress. According to Federal Reserve data, 15% of Gen X’s homeowners were “underwater” on their homes in 2010 (meaning they owed more than they owned). By 2016 only 3% were underwater. This improvement is due to lenders foreclosing on homeowners as well as appreciating home values and mortgage modifications. Still, reducing the ranks of homeowners with negative equity in their homes boosts wealth.
Typical Gen X homeowner has more home equity than before the housing collapse  | Fewer Gen X homeowners are "underwater"  | and their median home equity has doubled  | since 2010  | % of homeowners who owe more on their  | home than it is worth  | Median home equity in 2016 dollars  | 2016  | 44. 000  | 2010  | Millennial  | Millennial  | 21,000  | 2007  | NJA  | NNA  | $75,000  | 3%  | Gen X  | Gen X  | $37 600  | 15%  | $66, 000  | 2%  | 120, 000  | 100, 600  | Boomer  | Boomer  | 139 000  | 150, 000  | Silent  | Silent  | 138, 200  | 162, 100  | Note: Home equity is the value of the primary residence minus debts secured by the home (such as mortgages and home  | equity lines of equity credit). The value is based primary on the res pondent's report. There were an insufficient number mortgages of Millennial  | homeowners in 2007 to provide a re liable estimate  | Source: Pew Research Center ana lysis of Survey of Consumer Finances public-use data.  | PEW RESEARCH CENTER 