Must Reads Portland homes lose $9.7B in value
| Portland homes lose $9.7B in value | | Print | |
| Must Reads |
| Friday, December 23, 2011 |
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Portland homes lost a value of $9.7 billion in 2011, according to a year-end report by Zillow.
The company says the country as a whole lost $681 billion in home value, though a handful of markets showed an net increase in value for the year. The decline in Portland is less severe than 2010's $14.1 billion decline in home values, or 2008, the year of the region's steepest fall when Portland-area homes lost $21.8 billion in value. Overall, the Portland market has lost $56 billion in home value since 2007, and the housing stock is now worth $170 billion. Read more at OregonLive.com. {biztweet}portland home{/bitweet}
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