Home Front

A blog about the economy and the Sacramento-area real estate market.

Zillow.com just released a report on the natiion's housing market during the second quarter. Here's what it found regionally:

Four in 10 homeowners who bought houses in El Dorado, Placer, Sacramento and Yolo counties since 2003 now owe more than their homes are worth, according to the online real estate firm Zillow.com. 

Those who bought in 2006 are faring worst of all, the Seattle firm reported. Its second-quarter statistics show 62.4 percent of 2006 buyers have home values that have slipped below their loan amounts. In Stockton, 95 percent of 2006 buyers are in that condition.

Other findings:

• Home values in the four-county region collectively fell 20.6 percent from the same time a year earlier.

• More than 53 percent of homes sold during the past year in the region sold at a loss.

 Here are some Zillow charts with the Sacramento-area information.

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