Yes, it’s not over yet and it will get a lot worse:
This is the Greatest Depression.
The total value of U.S. homes dropped another $798 billion last quarter, according to numbers out from Zillow.
The average home is down 27 percent from peak. This puts the total loss from the housing crash at an incredible $9.8 trillion.
And sorry, but it’s not over yet.
Gus Lubin | Feb. 9, 2011, 9:17 AM
Source: The Business Insider