Home values drop, nearly 1/3 underwater
Current Events, Foreclosures, Home Prices, Jingle Mail | (0)
From the Originator Times:
U.S. home values in the second quarter posted the largest year-over-year decline in the past 12 years, dropping 9.9 percent from the year-ago quarter and 1.7 percent from the first quarter to a U.S. Zillow Home Value Index (HVI) of $206,919, according to the Q2 Zillow Real Estate Market Reports. The median U.S. home value has not been this low since the fourth quarter of 2004, leaving nearly one-third (29.1%) of homeowners who purchased since 2003 with negative equity.
Zillow expanded its Real Estate Market Reports this quarter, adding a number of new measures to monitor 165 metropolitan ...
