Zillow Says 27 Percent Of U.S. Homeowners Now Have Negative Equity On Home, An All Time Record!

| May 9, 2011

Highlights from a new report from Zillow on real estate…………….The number of homes with negative equity rose to 27% or 16.2 million units in the first quarter from 13.1 million units a year earlier.  In the first quarter of 2009 only 22% of homes were underwater, Zillow said.  Home prices slumped 8.2 percent on average over the past 12 months. Property […]

Housing Market Dropping Hard Again….

| May 9, 2011

Some of the smartest guys we know, the ones that use their own money to buy and sell houses…are thinking 15%-20% further down from here and 2-4  years to clear huge stealth inventories.  They say the banks have just started to get more realistic on pricing of bank owned properties, and will become very aggressive to get […]

Zillow Says Home Price Drop (26%) Exceeds The Great Depression

| January 20, 2011

By Al Yoon NEW YORK (Reuters) – Home prices fell for the 53’rd consecutive month in November, taking the decline past that of the Great Depression for the first time in the prolonged housing slump, according to Zillow. Home prices have fallen 26 percent since their peak in 2006, exceeding the 25.9 percent drop registered […]

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