home values decline

U.S. Home Values to Fall by $1.7 Trillion in 2010

U.S. homes will lose a total of $1.7 trillion in value in 2010, according to real estate site Zillow. The value lost this year will be 63% more than in 2009, and will take the total value lost since June 2006 to more than $9 trillion, Zillow said on its blog.