Half of US Homes Lose Value, But Equity Still Strong

Zillow reports that over half of U.S. homes have seen their value drop, a significant increase from last year, with western and southern regions hit hardest. However, these are largely paper losses and most homeowners still have equity. Zillows Treh Manhertz calls it a market normalization, not a crash. The National Association of Realtors predicts a turnaround next year with a 14% increase in existing home sales and no danger of nationwide home price decline.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.