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High-EndHurts Most.
Seattle -- While overall, high-priced homes have seen their values fall by a larger percentage than lower-valued homes, that's not the case in all markets, according to a recent analysis of home value trends by Zillow.com.
The online real estate value provider Zillow.com broke down data from its quarterly home value report by five different price brackets, with homes valued at more than $460,000 forming the top quintile.
While overall, home values were down 7.5% in the top quintile on a year-over-year basis, Zillow said that in some markets, high-cost homes are actually holding onto their values better than more modestly priced homes. Markets where the high-end of the housing spectrum is holding its own include San Francisco, Washington, Los Angeles and New York.
That's ...
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