medford: Great Article By Zillow
- 05/10/10 05:20 PM
This quarter brought a mixed bag of results, with some slightly disappointing numbers on a national basis, but some bright spots in several large California markets. The year-over-year rate of home value depreciation continued to shrink in March, even as home value changes remained negative on a month-over-month basis. The monthly rate of depreciation stayed unchanged from the prior month (see Figure1).
Year-over-year change in the Zillow Home Value Index (ZHVI) was -3.8% in March, marking the shallowest change in home values since August 2007, while home values fell 0.3% from their February levels. Rates of monthly depreciation have been (10 comments)