SEATTLE – May 11, 2011 – Home values in the United States fell faster in the first quarter of 2011 than they have in any quarter since 2008, according to Zillow’s first quarter Real Estate Market Reports. The Home Value Index fell 3 percent from the fourth quarter of 2010 to the first quarter of 2011, and declined 8.2 percent year-over-year to $169,600. Home values have fallen 29.5 percent since a peak in June 2006.
About 28.4 percent of single-family homeowners with mortgages were underwater at the end of the first quarter, up from 27 percent in fourth quarter 2010. A homeowner is underwater when they owe more on their mortgage than their home is worth.
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More information including Fl at
http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=5&id=259846
About 28.4 percent of single-family homeowners with mortgages were underwater at the end of the first quarter, up from 27 percent in fourth quarter 2010. A homeowner is underwater when they owe more on their mortgage than their home is worth.
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More information including Fl at
http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=5&id=259846
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