From CNNMoney.com: American homeowners will have lost nearly $500 billion in home value by year’s end. Still, that’s a big improvement over 2008, when values fell by $3.6 trillion, according to a report released Wednesday by real estate Web site Zillow, which provides online appraisals for tens of millions of properties nationwide.

“Home values stabilized significantly during the second half of 2009, with the total dollar value of U.S. homes increasing since June,” said Zillow’s chief economist, Stan Humphries, in a prepared statement……………………………..Full Article: Source

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