"A new report from Zillow puts an absolutely jaw-dropping figure on the housing crash: $9 trillion. That's the total home value destroyed since June 2006.
It gets worse. $1.7 trillion of that damage occurred this year, primarily in the first half. More loss is coming next year, as Zillow economist Stan Humphries predicts a double dip in housing that won't hit bottom until summer -- or later by Case Shiller estimates..."
at http://www.businessinsider.com/zillow-9-trillion-2010-12#ixzz17vgzfMtk
No comments:
Post a Comment