Home Price Declines Over The Years

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Includes: Z
by: Tim Iacono

Following yesterday’s Case-Shiller report on falling home prices, Zillow (NASDAQ:Z) provided its take on where property values have been heading in this story that included the sobering chart below, little comfort being provided in the fact that home value declines are slowing.

Of course, it would likely be a very different situation if mortgage rates weren’t at freakishly low levels and the backlog of millions of distressed properties moved a little quicker through the foreclosure process. But that’s what passes for banking policy in the aftermath of the greatest financial bubble that no one saw coming.

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