Relevant:
- One in Six Borrowers Underwater on Mortgage, Zillow Says
- Zillow: U.S. homes gained $2 trillion in value this year
- On Board the 'U.S.S. Titanic'
- Home values have turned the corner, Zillow says
- The great deleveraging -- US households see access to debt diminish. Housing affordability and reversion to the home price to family income ratio.
2008-12-15 — reuters.com
"Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday."
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