home values

U.S. Economy Gets Lift From Consumers, Businesses

American consumers are growing more confident about the job market, companies are ordering more equipment and home prices are rising in most major cities. The latest batch of government data suggests that the economy is improving just as the holiday shopping season begins. The only threat is a package of huge spending cuts and tax increases, known as the "fiscal cliff," that will kick in unless Congress strikes a budget deal by year's end.

U.S. Homes Lose (Only) $700 Billion in Value in '11

The year-end housing news is sobering: U.S. homes are expected to lose more than $681 billion in value in 2011. But there's an upside: That's 35% less than the $1.1 trillion lost in 2010, according to research from Zillow.

Are You Photoshopping Your Finances?

It's one thing to use Photoshop to make your waistline look slimmer in your snapshots. Many people also take a distorted view of their finances, fooling themselves about the health of their balance sheets. Here are some common self-deceptions.

Home Prices Fall Again in Worst Decline Since 2008

If you're looking to score a great deal on a house, you may want to wait a bit longer: U.S. home prices dropped 3% in the first quarter, their sharpest quarter-over-quarter decline since late 2008, according to real estate tracking service Zillow, which now says prices won't begin to rebound until 2012 at the earliest.

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.

Home Prices Are Still Far From Affordable

You may not want your home's value to fall any further, but numbers don't lie: Adjusted for inflation, houses cost almost twice as much as they did in 1975, and relative to average income, they're 40% higher. It's unaffordable, and with 15% of houses vacant, it's clearly unsustainable.

Even the White House Is Not Immune to Plunging Real Estate Market

How much is the White House worth? Online real estate database Zillow came up with $292,386,000 as of Jan. 18, that is down $15 million since the Obama family took up residence a year ago, and down another $24 million since George W. Bush's final year in office.

More Americans delay retirement

A September survey by insurance company Sun Life showed that two-thirds of American workers expect to labor a year longer than originally planned....