Have you ever wondered how much the White House was worth? Of course, no one would ever dream of selling this icon of our nation, yet Zillow decided to try to put a price on it anyway. The online real estate database came up with an estimated value of $292,386,000 as of Jan. 18, 2010. That’s down $15.6 million since President Barack Obama took office on Jan. 8, 2009, and down another $23.8 million since former President George W. Bush’s last year in office. Continue reading Even the White House Is Not Immune to Plunging Real Estate Market Even the White House Is Not Immune to Plunging Real Estate Market originally appeared on DailyFinance on Thu, 21 Jan 2010 12:30:00. Filed Under: Real Estate Permalink | Tweet this! | Comments

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Even the White House Is Not Immune to Plunging Real Estate Market

Filed under: Economy , Investing The percentage of Americans owning homes that are underwater is falling, according to Zillow’s third-quarter Real Estate Market Reports, which focus on 156 metropolitan areas. The other good news is that home values were relatively flat between the second and third quarters, so the price declines may be over for most homeowners. Zillow found that 21% of homeowners with single-family homes were underwater on their mortgages at the end of the third quarter, down from 23% in the previous quarter. Two factors play into the drop. One is that many underwater homeowners have already lost their homes to foreclosure. The second is that home values have stabilized in some areas of country and have even started going back up in other areas. Continue reading Fewer home mortgages are underwater as values stabilize Fewer home mortgages are underwater as values stabilize originally appeared on DailyFinance on Mon, 09 Nov 2009 10:10:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Fewer home mortgages are underwater as values stabilize