Zillow expects houses across the nation to lose more than $681 billion in value during 2011, which is 35 percent less than the $1.1 trillion lost in 2010.
From January to June, $454 billion was lost. From July to December, Zillow projects residential home value losses will be $227 billion.
What about Philadelphia? Zillow says metro area houses lost $28.3 billion in 2010, but will only be down $21.8 billion this year. The region’s 2011 housing value is $496.1 billion.
What else? Thirty-year fixed interest rates are at a record low 3.91 percent this week, Freddie Mac says.