U.S. homeowners lost $3.3 Trillion in Home equity during 2008

America Lost $10.2 Trillion Of Wealth In 2008 - Business Insider

www.businessinsider.com/2009/2/america-lost-102-trillion-of-wealth-in-2008

Feb 3, 2009 - Americans don't just feel poorer, they are poorer: U.S. homeowners lost a cumulative $3.3 trillion in home equity during 2008, according to a report from Zillow. (MortgageWire.) One in six homeowners is now underwater on their mortgage. The stock market erased $6.9 trillion in shareholder wealth in 2008.

Shrinking Equity: Homeowners Lost $3.3 Trillion in 2008 - Wealth Daily

https://www.wealthdaily.com/articles/home-owner-equity/1681

Feb 4, 2009 - The U.S. housing market lost $3.3 trillion in value last year and almost one in six owners with mortgages owed more than their homes were worth as the economy went into recession, Zillow.com said. The median estimated home price declined 11.6 percent in 2008 to $192,119 and homeowners lost $1.4 ...

One in Six Borrowers Underwater on Mortgage, Zillow Says

https://www.housingwire.com/.../one-six-borrowers-underwater-mortgage-zillow-says

Feb 3, 2009 - Ouch. U.S. homeowners lost a cumulative $3.3 trillion in home equity during 2008, with $1.4 trillion of that loss coming in the fourth quarter of last year alone, according to real estate information web site Zillow.com. The company's estimate of U.S. home values fell 11.6 percent during 2008 to an estimated ...