AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Zillow: $6.1 Trillion in Equity Gone.
Seattle-Home Values fell almost 12% nationally in 2008, with much of the decrease coming in the fourth quarter, according to Zillow.com.
That means homeowners lost $3.3 trillion in equity value for the year, with $1.4 trillion of the decline in housing values coming during the fourth quarter alone.
Home values have now fallen for eight consecutive quarters, Zillow said. Since the housing market's peak in 2006, homeowners have lost $6.1 trillion in equity value, according to the Zillow index.
Foreclosure sales made up more than one of every five transactions last year, Zillow said. Another 11% of sales in 2008 involved short sales.
At the end of last year, Zillow estimates that 18% of homeowners with a mortgage were "underwater," meaning they owed more than their home was worth. Moreover, Zillow said that more than one-third of homes ...
- Zillow.com(TM) Releases Fourth Quarter Home Values; U.S. Shows Signs of Decline.
- Press release article from: PR Newswire February 8, 2007 700+ words
...according to home value data from Zillow.com. The appreciation rate...quarter-over-quarter. "The fourth quarter year-over-year decline...1997," said Stan Humphries, Zillow's vice president of data...on home values nationally, Zillow today released detailed data...
- ERA Real Estate to Post Property Listings on Zillow.com(R).
- Press release article from: PR Newswire October 24, 2007 700+ words
...millions more potential buyers." ERA property listings will be live on Zillow.com with the launch of the Zillow Listings Feed capability later in the fourth quarter. Zillow Listings Feeds allows real estate brokerages to post for-sale listings...
- Homeowner Perception of Home Value Inches Closer to Reality in Q1 but Wide Gap...
- Press release article from: PR Newswire May 6, 2008 700+ words
...Reporting Value Changes , according to Zillow Actual Percent of Homes that Increased...said Dr. Stan Humphries, Zillow.com vice president of data...unchanged from sentiment in the fourth quarter." Zillow Q1 Home Value Report Conference...
- Zillow: Condo Prices Fall 7.4%.
- News wire article from: Mortgage Line Cornwell, Ted March 27, 2008 700+ words
...over-year in the fourth quarter of 2007, leaving...information provider Zillow. Condominiums posted...Stan Humphries, Zillow's vice president...declines in the fourth quarter," Mr. Humphries said. Zillow isn't the only...
- Zillow.com(R) Launches Zillow Advice.
- Press release article from: PR Newswire December 16, 2008 700+ words
...16 /PRNewswire/ -- Real estate Web site Zillow.com today announced the launch of Zillow(R) Advice, an online resource for consumers...questions. Located in the "Advice" tab on Zillow.com, Zillow Advice encourages consumers to...
- Zillow.com (R) and Major Newspapers Launch Nation's Largest Online Real Estate...
- Press release article from: PR Newswire September 8, 2008 700+ words
Combined Zillow(R) and Newspaper Online Audience Reaches More Than 63 Million...Commerce SEATTLE, Sept. 8 /PRNewswire/ -- Real estate Web site Zillow.com and the Zillow Newspaper Consortium of 11 major newspaper companies today announced...
- Zillow.com(R) Introduces Automated Quotes Within Zillow(R) Mortgage Marketplace.
- Press release article from: PR Newswire October 16, 2008 700+ words
Zillow Quote API makes it easier and more efficient for lenders to provide...borrowers SEATTLE, Oct. 16 /PRNewswire/ -- Real estate Web site Zillow.com today announced Zillow Quote API, a new feature within Zillow Mortgage Marketplace that...
- Zillow.com(TM) Opens Up Database to Let Homeowners Contribute.
- Press release article from: PR Newswire September 20, 2006 700+ words
...Publish Their Own Revised Estimates on Zillow.com, the Database of 68 Million U...SEATTLE, Sept. 20 /PRNewswire/ -- Zillow.com, the real estate Web site with...detailed information about their own homes to Zillow's national database. By opening up...