Differences in Home Value Trends by Price Level of the City
In many areas, higher-priced cities and towns held their value better during the housing downturn. But in places like Chicago and Seattle, the opposite was true.
Differences in Home Value Trends by Price Level of the City
In many areas, higher-priced cities and towns held their value better during the housing downturn. But in places like Chicago and Seattle, the opposite was true.
As home sales fell post-tax credit, home values as measured by the Zillow Home Value Index continued to decline.
National Home Values Continue to Fall in April; Sales Likely to Dry Up After Tax Credit Expiration
Homes values fell 0.38% nationally from March to April and were down 4.1% from their levels in April 2009. The rate of monthly depreciation has remained fairly steady since January, albeit at rates slightly above October 2009 levels when we recorded the smallest month-over-month decline in recent years (-0.27%).
As Housing Market Nears Bottom, Pent-Up Supply Waits
Zillow's first quarter Homeowner Confidence Survey revealed millions of "sidelined sellers."
Rate of home value depreciation sank in Zillow's Q1 Real Estate Market Reports, but foreclosures peaked and negative equity remained high.
How Soft is the Housing Market?
Home sales increased in March, but inventory also rose as more homes were added to the market than were sold.
