U.S. homes will lose a total of $1.7 trillion in value in 2010, according to real estate site Zillow.com.
The value lost this year will be 63% more than in 2009, and will take the total value lost since June 2006 to more than $9 trillion, Zillow said on its blog.
“Since the peak of home values in June 2006, more than $9 trillion in values has come out of the housing market,” Zillow said. “As a…
Continue reading U.S. Home Values to Fall by $1.7 Trillion in 2010
U.S. Home Values to Fall by $1.7 Trillion in 2010 originally appeared on DailyFinance on Thu, 09 Dec 2010 08:05:00.
Filed Under: Economy, Real Estate, Credit