Real Estate Market Reports
Zillow recently released its Q1 Real Estate Market Reports for the nation and 132 metro areas. The reports show that home values in the United States posted their largest quarter-over-quarter decline since Q4 2008, falling 3 percent. Negative equity reached a new high of 28.4, due to accelerating home value declines. This new data reveals bottom in home values unlikely to appear in 2011. Zillow has revised its forecast and now predicts a bottom in 2012 at the earliest.
Topline National Results:
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