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:$9,000,000,000,000
Don't miss: The 15 Real Estate Markets That Will Lose The Most Next Year >
Read more: http://www.businessinsider.com/zillow-9-trillion-2010-12#ixzz17olLcCZW
Saturday, 11 December 2010
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