Falling Home Values Threaten Homeowners
Zillow.com's newest report shows that home values dropped nationally by 3%. CFO Spencer Rascof discusses in the video the results of the newest survey as well as which cities saw the largest declines in value.
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Here in the UK, there has been much talk of falling house prices, but they still continue to rise - 204% in the last 10 years! Prices are bound to fall at some time, and when they do, it can only spell trouble for the majority of UK residents who are mortgaged up to the hilt!