Zillow: US Home-Value Slide Slowed in Q2

U.S. home values in the second quarter had their smallest decline in more than four years, as the share of borrowers with negative equity shrunk, Zillow Inc. said yesterday. April through June, 26.8% of single-family homeowners with mortgages owed more than their houses were worth, compared with 28.4% in the previous three months. Values fell 0.4% from the first quarter, the smallest drop since the first three months of 2007, when values also slipped 0.4%, according to Zillow, the Seattle-based company that runs a website with property-value estimates and real estate listings.

 

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