Homes price in U.S. lose $2 trillion in value this year

At the end of this year, americans homes owners will have lost collectively $2 trillion for the value of their houses. The Web site Zillow.com, which specializes in real estate, calculated the total value of all American homes. With a decline of 8.4% for the first three quarters of 2008, compared with 2007. We hope the value of real estate will up again for the first part of 2009.

www.zillow.com