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Answers (5)
- Amy Bohutinsky, "AmyB"
- Contributions:25
In December 2009, Zillow's chief economist Stan Humphries estimated U.S. homes had lost $5.9 trillion in values since the 2006 peak.
More here:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aoD0J3e1Hdxk
And here, with a breakout by market:
http://zillow.mediaroom.com/index.php?s=159&item=172
More here:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aoD0J3e1Hdxk
And here, with a breakout by market:
http://zillow.mediaroom.com/index.php?s=159&item=172
- jal74
- Contributions:1077
You can go to the Federal Reserve Website, under statitics and research and look at the Flow of Funds reports (Z.1). Withing the household balance sheet tables, you can look at total housing values over that period
- Dan, "the_country_hick"
- Contributions:4690
How about using a different tack?
Try asking how much appreciation has occurred in real estate since 1997? Then how much has inflation been? Find out the difference and see that house prices are still above inflation in most of the country for that time frame.
Try asking how much appreciation has occurred in real estate since 1997? Then how much has inflation been? Find out the difference and see that house prices are still above inflation in most of the country for that time frame.
- Dunes....
- Contributions:3894
- SoCal_Engr
- Contributions:5661
That assumes that "real worth" was accurately reflected in 2006.
Everything I've ever learned says there is no loss unless you sell for less than you owe. Too many of the stats include houses that only experienced gains/losses on paper - and the figures driving those numbers are now suspect.
Everything I've ever learned says there is no loss unless you sell for less than you owe. Too many of the stats include houses that only experienced gains/losses on paper - and the figures driving those numbers are now suspect.
what is the total US loss in home values since 2006?
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