Zindex: Home values drop 7.7% year-over-year
One-third of metros tracked in Q1 see double-digit-percentage declines
By Glenn Roberts Jr., Tuesday, May 6, 2008.Home values in the first quarter fell 7.7 percent compared to the same quarter last year, according to an index based on Zillow.com's automated home valuations.
It was the steepest year-over-year drop in the past 12 years, according to Zillow's Zindex report, released today.
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