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While losing $700 Billion in value in U.S. homes in a year sounds horrible, the good news is, if we end this year around this number the total loss in home values for 2011 will be smaller than the prior four years! This information is from the newly released Zillow Real Estate Market Reports, which Continue reading… Homeowners in U.S. to lose nearly $700 Billion in value during 2011; Is the worst of it over? You would think after what we have seen happen in the housing market during the past 5 years, especially in the area of falling home prices, that home buyers today would not have lofty expectations about a home they buy appreciating, but apparently many do. According to a recent survey Zillow, 42 percent of Continue reading… Almost half of prospective home buyers unrealistic about home value appreciation A report just released by Zillow.com shows that current home sellers who purchased their homes “after the bubble” (2007 or after) are overpricing their homes by more than sellers that bought during the bubble (2002-2006) or before the bubble (pre-2002). According to the report, current sellers that bought post-bubble are overpricing their homes by Continue reading… Homeowners that bought since 2006 overpricing the most when they resell Two reports were released today showing that home prices in the U.S. continue to fall. Fiserv Case-Shiller Home price Insights - This report shows that for the 4th quarter of 2010, U.S. home prices had fallen 4.1 percent from the 4th quarter of 2009 and have fallen 23.6 percent from the 4th quarter of 2007 to 4th Continue reading… Home Prices Still Falling; Percentage of Homeowners with Negative Equity Hits New High Report by Zillow estimates that U.S. Homes have now lost $9 Tillion in value since Market Peak U.S. homes are expected to lose more than $1.7 trillion in value during 2010, which is 63 percent more than the $1 trillion lost in 2009, according to a report released by Zillow.com. That brings the total value lost Continue reading… Zillow Report: U.S. Homes Set to Lose $1.7 Trillion in Value During 2010 Percentage of Homeowners Underwater Reaches New Peak; Length and Depth of Housing Downturn Approach Depression-Era Declines According to Zillow® Real Estate Market Reports for 3rd Quarter 2010… The United States housing market continued its long decline in the third quarter with home values falling for the 17th consecutive quarter, according to Continue reading… Current Housing Market Rivals Depression-Era Price Declines according to Zillow Report Dennis Norman 1 in 3 Think Worst Is Yet to Come, While 38% Think Local Home Values Have Reached Bottom According to the second quarter 2010 Zillow Homeowner Confidence Survey, one-third (33 percent) of homeowners feel home values in their local market have not reached bottom, while 38 percent believe their market has in fact Continue reading… Homeowners becoming more pessimistic about housing market Dennis Norman A report just issued by Zillow shows that home values in the United States continued to decline in the second quarter of 2010, with the Zillow Home Value Index falling 3.2 percent year-over-year and 0.6 percent from the first quarter to $182,500. The national rate of decline decelerated from the Continue reading… U.S. Home Values Fall In 2nd Quarter; Negative Equity Declines Though Dennis Norman The percent of American home owners with mortgages in a negative equity position fell to 21 percent in the third quarter of this year, down from 23 percent in the second quarter, as home values stabilized in the short term and more underwater homeowners lost their homes to foreclosure, according to the third quarter Continue reading… Fewer home owners are underwater on their homes according to Zillow report By: Dennis Norman Between Dec 1, 2009 and Nov 30, 2010 334,000 people would buy homes if the homebuyer tax credit of $8,000 is extended according to a survey done by Zillow.com. According to the survey nearly one in five (18 percent) prospective first-time homebuyers said extending the $8,000 tax credit would be the primary influence on Continue reading… Agents: Want to sell 334,000 additional homes? Get the tax-credit extended! |
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