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News Link • Housing

$9,000,000,000,000 in Total Home Value Has Been Lost Since June, 2006

A new report from Zillow puts an absolutely jaw-dropping figure on the housing crash: $9 trillion. That's the total home value destroyed since June 2006. It gets worse. $1.7 trillion of that damage occurred this year, primarily in the first half. More loss is coming next year, as Zillow economist Stan Humphries predicts a double dip in housing that won't hit bottom until summer -- or later by Case Shiller estimates. See how much equity your city lost here:

2 Comments in Response to

Comment by Mike Chavez
Entered on:

4409!  How funny, I was going to write

You can't lose what you never had. 

Comment by Forty Four O Nine
Entered on:

Jack did you actually lose it or was it not suppose to be there in the first place?


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