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Real Estate Briefing - Categorized | Americas, Emerging Trends, Research, Residential property Watch more

US property market reaching Great Depression levels, chief economist warns

Posted on 15 November 2010

From Propertywire.com: Residential real estate values in the US have seen a near unprecedented decline with prices falling for the 17th consecutive quarter, according to new figures, Property values are now 25% below their June 2006 peak and the current real estate downturn is approaching Great Depression era declines when prices fell 25.9% in five years, says the latest Zillow Real Estate Market Report.
Home values fell from the second to the third quarter in 77% of markets covered in Zillow’s report……………………………………….Full Article: Source


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