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US: Home values tumble $1.7 trillion in 2010

Posted on 10 December 2010

From CNNMoney.com: Can’t sell your home for a decent price? You’re not alone. American homes are expected to be worth $1.7 trillion less in 2010 than they were worth last year, according to a report released Thursday by real estate website Zillow.
This year’s drop in home values is 63% bigger than the $1 trillion dip in 2009, and brings the total value lost since the housing market’s peak in 2006 to a whopping $9 trillion……………………………………….Full Article: Source

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