Jacksonville Real Estate Prices off $3.5 Billion

Real Estate News

This $3.5 Billion loss for the first 11 months of 2009 is great news when compared to the $14.9 Billion loss in 2008 according to zillow. 48 markets show gains in home value in 2009, Boston had the largest gain and Los Angeles the largest loss.

The trend was also true nationwide where the 2008 loss was $3.6 trillion and so far the 2009 loss has been $489 Billion.

Jacksonville has more than the average percentage of homes underwater at 36.9% vs. the national 21%.

However, these numbers do show a trend towards bottoming which may be complicated by further foreclosures or a rise in interest rates.

Date: Friday, December, 25th 2009 @ 09:39:00 AM
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