A new report from Zillow puts an absolutely jaw-dropping figure on the housing crash: $9 trillion. That's the total home value destroyed since June 2006.
It gets worse. $1.7 trillion of that damage occurred this year, primarily in the first half. More loss is coming next year, as Zillow economist Stan Humphries predicts a double dip in housing that won't hit bottom until summer -- or later by Case Shiller estimates.
See how much equity your city lost here:
2 Comments in Response to $9,000,000,000,000 in Total Home Value Has Been Lost Since June, 2006
4409! How funny, I was going to write
You can't lose what you never had.
Jack did you actually lose it or was it not suppose to be there in the first place?
4409