Zillow: $2 Trillion Down the Drain in 2008
American homeowners stand to lose more than a combined $2 trillion in home equity by year-end, according to a report released today by Zillow.
The real estate information company calculated that home prices have fallen 8.4 percent nationally year-over-year during the first three quarters of the year, placing millions underwater in the process.
It is now estimated that 11.7 million American households owe Read more