2008: US property owners lost $3.3 trillion in home value
Bloomberg
02/03/09
The U.S. housing market lost $3.3 trillion in value last year and almost one in six owners with mortgages owed more than their homes were worth as the economy went into recession, Zillow.com said. The median estimated home price declined 11.6 percent in 2008 to $192,119 and homeowners lost $1.4 trillion in value in the fourth quarter alone, the Seattle-based real estate data service said in a report today...
http://tinyurl.com/b4pcgw
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=property+owner
http://freepage.twoday.net/search?q=homeowner
02/03/09
The U.S. housing market lost $3.3 trillion in value last year and almost one in six owners with mortgages owed more than their homes were worth as the economy went into recession, Zillow.com said. The median estimated home price declined 11.6 percent in 2008 to $192,119 and homeowners lost $1.4 trillion in value in the fourth quarter alone, the Seattle-based real estate data service said in a report today...
http://tinyurl.com/b4pcgw
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=property+owner
http://freepage.twoday.net/search?q=homeowner
rudkla - 3. Feb, 11:09
