U.S. Home Values Continued Fall in October; Rate of Decline Stabilizes
SEATTLE, Dec. 13, 2011 /PRNewswire/ -- Home values in the United States continued their decline in October 2011, falling 0.3 percent from September, according to this month's Zillow® Real Estate Market Reports[i]. However, the rate of monthly depreciation has stabilized as the housing market heads towards the bottom. On a year-over-year basis, the Zillow Home Value Index[ii] declined 5.1 percent to $147,900. Home values have fallen 23.7 percent since their peak in May 2007.