Relevant:
- Slide in U.S. Home Values Slowed in Second Quarter, Zillow Says
- fourth quarter home value loss exceeds 2007 decline
- First quarter home value declines match worst of housing recession; bottom unlikely to appear before 2012
- One in Six Borrowers Underwater on Mortgage, Zillow Says
- Almost 29% of Americans With Mortgages ‘Underwater' on Homes, Zillow Says
2010-08-10 — thetruthaboutmortgage.com
Home values nationwide fell 0.6 percent in the second quarter from a quarter earlier and were off 3.2 percent compared to last year, according to real estate information service Zillow.
But the rate of decline slowed for the second straight quarter, likely a result of the homebuyer tax credit, improved affordability, and ongoing loan modification efforts.
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