- nationwide, home prices declined 8% year-over-year, the 5th quarter in a row of declining prices and the largest decline in the 12 years for which Zillow has data
- 5 of the top 10 declines were in California
- 130 of the 160 cities we studied declined; 29 of the 30 largest cities declined (Dallas was the holdout)
- 45% of homeowners who bought their home in 2007 are already underwater on their loan, and 52% of people who bought in 2006 are underwater.
Here is more data than you can shake a for sale sign at: