Sunday, November 13, 2011

US Home Values Caught in Rut

According to Zillow, the median home value in the US declined from $239,400 in September 2006, to $171,500 in September 2011. In other words, the median home value in the US dropped by $67,900, or 28.4%, for the five-year period ending in September 2011.

For the record, today's 28.4% five-year decline in US home values surpass the 25.9% decline experienced by depression-era homeowners between 1928-1933.

Source: Zillow

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