Homeowners in U.S. to lose nearly $700 Billion in value during 2011;  Is the worst of it over?

Dennis Norman, St Louis Realtor - U.S. Home Values - Zillow ReportWhile 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 also predicts that nine metro areas will see gains in home values this year once the final numbers are in! With all this “good” news, we have to ask ourselves…is the worst of the real estate market crash over? I think the answer is yes, at least when it comes to the housing market. Continue reading “Homeowners in U.S. to lose nearly $700 Billion in value during 2011;  Is the worst of it over?