The latest data from Zillow indicate that American homes will have lost more value by the end of this year than they did in 2009 – down a total of $1.7 trillion in 2010 vs. a $1 trillion decline a year ago. Richard Florida produced a helpful chart of the 2010 decline by region (click to enlarge), showing how uneven the fall was this year – four regional areas were actually up:
AUTHOR
Mick Weinstein
Mick is the Head of Editorial for Covestor, a financial journalist and online content specialist. Prior to joining Covestor, Mick was for five years the Editor in Chief and VP Content at stock market analysis website Seeking Alpha, where he built the editorial function as the site attracted over 3.5 million unique monthly visitors and developed an innovative platform for intelligent stock market discussion. Mick is a graduate of the University of Michigan, Ann Arbor.
380 posts You may also like
Wealthy customers are fleeing the big, traditional brokers. Maybe they’re not happy with being considered Muppets after all.
BMO’s chief investment strategist Brian Belski sees possible near-term pain, but more long-term gains for U.S. stocks.
When stock prices break lower, it’s a good time to review common terms
Retirement savings plans can be upended by medical bills
