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Home values flat for the quarter but down yearly

Posted on 09 November 2011

Despite recent economic turmoil around the European debt crisis, dragging levels of domestic consumer confidence, and high unemployment and negative equity, home values have remained essentially flat over the last quarter.
According to the Q3 Zillow Real Estate Market Reports, released today, home values fell only 0.2 percent from the second to the third quarter of 2011. On a monthly basis, home values fell 0.09 percent between August and September, a higher rate than the 0.08 percent decline between July and August. This is in line with our previous forecast, which anticipated continued declines as we progress towards the bottom………………………………………..Full Article: Source


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