search

The Real Deal Logo

Trending

Swig finds new bottom with DTLA office sale at $94 a sfSwig finds new bottom with DTLA office sale at $94 a sfBillionaire hedge funder Larry Robbins makes South Florida moveBillionaire hedge funder Larry Robbins makes South Florida moveGlossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouseBrookfield’s deal to sell 777 Tower in Downtown LA collapsesBrookfield’s deal to sell 777 Tower in Downtown LA collapses
South Florida

Zillow: homes lose $1.7 trillion

Sign Up for the undefined Newsletter

The Miami-Fort Lauderdale metro area saw a total home value loss of $16.3 billion, according to a report from Zillow.com. The bulk of the total value lost in 2010 was in the second half of the year, according to the report. U.S. homes are expected to have lost in excess of $1.7 trillion in value in the past year, a 63 percent increase over $1 trillion in value lost the year before. Looking at 129 markets Zillow tracks, the firm projects that from June to December, residential home value losses will top $1 trillion. [SFBJ]