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12-11-2010, 07:08 AM #1
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9 Trillion US Housing Losses Since 2006
Nine Trillion In US Housing Losses Since 2006
$9,000,000,000,000
Gus Lubin | Dec. 9, 2010, 2:09 PM
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.
See how much equity your city lost here:
Don't miss: The 15 Real Estate Markets That Will Lose The Most Next Year http://www.businessinsider.com/case-shi ... s-2010-11#
http://www.businessinsider.com/zillow-9 ... on-2010-12
Read more: http://www.businessinsider.com/zillow-9 ... z17nf7Fdfw
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