According to the latest research done by Zillow, the U.S. are expected to lose over $681 billion in value this year which is actually less than the $1.1 trillion that was lost in 2010. That’s a 35% difference. Zillow also reported that only 9 out of the 128 markets actually gained value this year including New Orleans and Pittsburgh. Big cities such a Los Angeles, New York and Chicago lost in housing value, in billions of dollars…$75.5 billion, $44.8 billion and $41.7 billion respectively. The silver lining is that at least the homes’ value is lost at a much slower pace than it used to in the last previous years, there are less sharp declines. Job growth continues to be what’s repairing the housing market. For example, just in the past couple of weeks ago New Orleans added 684 new jobs within seven days and 10,000 jobs in the last year.
Don’t forget, if you’re moving residences this new year, call the Jacksonville movers for professional moving services at an affordable price. All My Sons of Jacksonville is part of the reputable moving company All My Sons Moving and Storage so you know your moving day will be good in hands.
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