Monday, March 14, 2011

Zillow: "Home Value Depreciation Picks Up Speed in January"

We recently presented CoreLogic's nearly 7% decline for January YOY depreciation in Charlottesville Area home prices.  Now Zillow reports the annual national index has declined 7.3%.  

95% (124) of the 131 metro areas surveyed showed depreciation.  The rate of depreciation is the highest since December 2008--the throes of the Great Recession.

Related:
Albemarle County Median Home Prices Decline -14% February 2011
Charlottesville Median Home Prices Decline -38% February 2011

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