This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

US Residential Property Drops in Value

First name: 


Last name: 


Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category


United States  USD  Distressed Property  Zillow  Stan Humphries  US Real Estate 

US Residential Property Drops in Value

By - Tuesday 14 December 2010

Homes in the US are set to drop in value significantly by the end of the year, a new report has suggested. In total, residential prices will have fallen by USD 1.9 trillion when the year closes.

Since the market hit its peak in 2007 property prices in the country will have lost a total of USD 9 trillion the Zillow Real Estate Market Reports shows.

The bulk of the total value lost during 2010 was in the second half of the year. From January to June, the housing market lost $680 billion. From June to December, Zillow projects residential home value losses will top USD 1 trillion.

"Despite a strong start to 2010, by the end of the year homes lost more of their value in 2010 than they did in 2009," said Zillow chief economist Dr Stan Humphries. "Government interventions like the homebuyer tax credit helped buoy the market during the second half of 2009 and the first half of 2010."

Meanwhile, a separate study from Local Market Monitor highlights that prices in many US markets will have hit bottom in the third quarter, but some large metropolitan areas are still in trouble.

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here


Visit Our Investment Terms Glossary



*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.

«« Back to IPIN Live

Follow IPIN Global

Latest Content

Recent Comments

Powered by Disqus