It's no secret that Zillow values are "approximations". I was looking at a home today that Zillow valued at over double it's worth in today's market.
That being said, what do you think about this headline:
DALLAS (Dallas Morning News) – Almost 16 percent of homeowners in the Dallas–Fort Worth area are "underwater," according to a new report from Zillow Inc.
That’s about 1 percent less than the nationwide number of homeowners who owe more than their homes are worth, the Internet real estate company found.
In addition, DFW homeowners lost almost $4 billion in home value last year.
Overall home values in the area fell by less than 2 percent last year, compared with an almost 12 percent drop nationwide.
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