The Zillow Home Value Index has now fallen 26% since its peak in June 2006. That’s more than the 25.9% decline in the Depression-era years between 1928 and 1933.
November marked the 53rd consecutive month of home value declines, with the Zillow Home Value Index (ZHVI) falling 0.8% from October to November, and falling 5.1% year-over-year.
On a slightly funny note, even the White House has been impacted~ Zillow also has devalued the White House, from $335 million at the housing boom’s peak to just $251 million today.
Answer by tootoobusy at 12:25 PM on Jan. 13, 2011
ours is down about 15%, interesting note: several houses in the area that have been vacant for more then a year have all hit the market in the last 3 weeks.
Answer by emptynstr at 12:27 PM on Jan. 13, 2011
Answer by jewjewbee at 12:28 PM on Jan. 13, 2011
Answer by jewjewbee at 12:29 PM on Jan. 13, 2011
Answer by m-avi at 12:33 PM on Jan. 13, 2011
Ours is down quite a bit. A lot of short sales and foreclosures have really had an impact on those of us that aren't in that position. The only positive is that the appraisal district is valuing the houses at a lower price and the property taxes have come down a bit. That's little consolation to those that are upside-down in their homes though. While we would be okay even if we had to take a deep reduction in price for our house, we have already listed our house for much less than we bought it for. While it's sad for us personally, I remind myself how much worse it could be.
Answer by QuinnMae at 12:33 PM on Jan. 13, 2011
Answer by Anonymous at 12:41 PM on Jan. 13, 2011
Answer by Scuba at 12:44 PM on Jan. 13, 2011
Answer by agentwanda at 4:22 PM on Jan. 13, 2011
Answer by itsmesteph11 at 4:51 PM on Jan. 13, 2011