This is very different from the Case-Shiller scale which is becoming the benchmark. However, Zillow does provide a different prospective. Also Case-Shiller is three month moving average.
September home prices depreciated 0.4% from August and 4.3% from one year a go to a national average of $179,900, according to the report. This is the 17th consecutive quarter of home price declines.
Zillow reported that nearly two-thirds (64.2%) of homes in the U.S. lost value between the third quarter of 2009 and the third quarter of 2010, and 27.3% of home sold in September were sold for a loss.
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