Monday, May 9, 2011

housing-crash-getting-worse-marketwatch: Personal Finance News from Yahoo! Finance

housing-crash-getting-worse-marketwatch: Personal Finance News from Yahoo! Finance: "If you thought the housing crisis was bad, think again.

It's worse.

More from MarketWatch.com:

• Holding TIPS Will Make You Poorer

• Benchmark 30-Year Mortgage Rate Matches 2011 Low

• Investors Pull Money From Commodity Sector Funds

New data just out from Zillow, the real-estate information company, show house prices are falling at their fastest rate since the Lehman collapse.

Average home prices are down 8% from a year ago, 3% over the quarter, and are falling at about 1% every month, according to Zillow.

And the percentage of homeowners in negative-equity positions — with a home worth less than its mortgage — has rocketed to 28%, a new crisis high.

Zillow now predicts prices w"

See original work for more on this and other stories.

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