A study found that the number of homes in the U.S. that lose value on a monthly basis has more than tripled in the past year, HousingWire reports.
The study, conducted by Weiss Residential Research, also revealed that the number of appreciating homes fell more than 12 percent.
“While a majority of homes nationwide is still gaining value, the national trend is clearly downward. With the decline in year-over-year prices in the existing home sales report released today by the National Association of Realtors, even the national median price reports are picking up on the trend, reflecting the growing number of homes that are changing from appreciation to depreciation,” Allan Weiss, CEO of Weiss Residential Research, told HousingWire.
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