Brother_Tempus
Title: Patriot
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Subject:
U.S. Homes Lose $700 Billion in Value in 2011
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Housing still has a ways to go downwards nationally before the bottom is reached .... maybe by 2014-5 we could see something ... IF ... the government does not keep trying to reinflate the market ...
http://www.dailyfinance.com/2011/12/23/u-s-homes-lose-700-billion-in-value-in-2011-and-thats-the-go/
The year-end housing news is sobering -- U.S. homes are expected to lose more than $681 billion in value in 2011. But there's an upside -- that's 35% less than the $1.1 trillion lost in 2010, according to new research from Zillow (Z), a real estate information marketplace.
What else did the research show? Just nine out of 128 markets analyzed had gains in values in 2011. Bragging rights go to the New Orleans area, where the gains were greatest at $3.5 billion. Pittsburgh claimed the number two spot with a gain of $2.7 billion.
Who were the biggest losers? Big cities with lots of housing, like Los Angeles, down $75.5 billion, New York ($44.8 billion), and Chicago ($41.7 billion). Overall, more than 90% of markets lost value.
See full article from DailyFinance: http://srph.it/ttbSSR
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Ah-Schoo
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Subject:
U.S. Homes Lose $700 Billion in Value in 2011
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clapping.gif ?
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Sgian_Dubh
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Subject:
U.S. Homes Lose $700 Billion in Value in 2011
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Hard to lose value it never really had in the first place.
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the_great_intex
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U.S. Homes Lose $700 Billion in Value in 2011
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I have a feeling home value in SoCal is going to drop heavy too. Maybe
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Allmightybob_MLF
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U.S. Homes Lose $700 Billion in Value in 2011
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Fools! If they only had priced their house against gold they would have gained 74 billion gold bars!
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notmforce2k
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Subject:
U.S. Homes Lose $700 Billion in Value in 2011
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Ya... the secret is out, the housing market is in the toilet.
I thought you followed this stuff?
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Greyfox_MT
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Subject:
U.S. Homes Lose $700 Billion in Value in 2011
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Between Banks and Realtors and Appraisers the housing market has been over priced by a good bit more than it has lost. How the 7734 does a house increase in value by 300% in 5 years?
What is worse is the vultures who are buying decent properties and trying to make a fortune off them 6 months later which is fracking up things again.
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 09-11-2001 A Day that will be remembered  A wise old owl lived in an oak The more he heard, the less he spoke The less he spoke, the more he heard Why can't we be like that wize old bird 
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Tipztoe
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Subject:
U.S. Homes Lose $700 Billion in Value in 2011
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so essentially the gubment should have taken all those billions in bailouts and instead given home owners a "refund credit" and lowered the values across the board instead of the banks which they should have fined probably.
I mean come on.. 400k for a house (or even more in other areas) and it needs work/updating?
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