Zillow Releases Fourth Quarter Market Housing Report

Real estate valuation website Zillow has released its market report for the fourth quarter of last year and, predictably, things could be looking better. According to the report, U.S. home values continued to slide for the eighth consecutive quarter, declining 11.6 percent from a year ago, and falling 17.5 percent since the peak of the market in 2006. In more depressing news, one in five homes sold in the past year was a foreclosure, and one in six of current homeowners have negative equity.

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