U.S. Home Values Print Biggest Drop Since 2008

U.S. home values fell in Q1 at the fastest rate since late 2008, real estate data firm Zillow said on Monday, suggesting that a bottom will not be seen until 2012 at the earliest. Zillow said its home value index fell 3% in the first three months of the year from the previous quarter, and was down 8.2% year-over-year. – Reuters

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