"The following are 20 really wacky statistics about the U.S. real estate crisis....
#1 According to Zillow, 28.4 percent of all single-family homes with a mortgage in the United States are now underwater.
#2 Zillow has also announced that the average price of a home in the U.S. is about 8 percent lower than it was a year ago and that it continues to fall about 1 percent a month.
#3 U.S. home prices have now fallen a whopping 33% from where they were at during the peak of the housing bubble.
#4 During the first quarter of 2011, home values declined at the fastest rate since late 2008.
#5 According to Zillow, more than 55 percent of all single-family homes with a mortgage in Atlanta have negative equity and more than 68 percent of all single-family homes with a mortgage in Phoenix have negative equity.
#6 U.S. home values have fallen an astounding 6.3 trillion dollars since the housing crisis first began.
#7 In February, U.S. housing starts experienced their largest decline in 27 years.
#8 New home sales in the United States are now down 80% from the peak in July 2005.
#9 Historically, the percentage of residential mortgages in foreclosure in the United States has tended to hover between 1 and 1.5 percent. Today, it is up around 4.5 percent..."
at http://theeconomiccollapseblog.com/archives/dont-buy-a-house-in-2011-before-you-read-these-20-wacky-statistics-about-the-u-s-real-estate-crisis
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