Tuesday, November 18, 2008

Zillow: US home values declined 9.7% y-o-y in 2008Q3

(Zillow.com) U.S. home values continued to slide for the seventh consecutive quarter, declining 9.7 percent from a year ago, and falling 12.8 percent since the market peak in 2006. This is also the first quarter a significant number of markets show flat or negative five-year annualized change. Additionally, one-third of homes sold in the past 12 months sold for a loss, and 14.3 percent of all homeowners have negative equity.

Zillow Q3 Real Estate Market Reports track 163 metropolitan statistical areas (MSAs) throughout the U.S., identifying market trends including, but not limited to: five and 10-year annualized change, homes selling for a loss, negative equity and foreclosure transactions.

Click here to view this data for the nation and 163 MSAs. For more information about Zillow Q3 Real Estate Market Reports, including the press release, additional graphics, or to access the Zillow Q3 Homeowner Confidence Survey, visit the special Real Estate Market Reports section in the Zillow press room.

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