SEATTLE, May 9 (UPI) -- Home values in the first quarter fell 3 percent from the fourth quarter of 2010, the largest drop between quarters since 2008, a home value index indicated.
The Zillow Home Value Index released Monday indicated the median home value fell 8.2 percent in a year-over-year comparison to $160,600 in the first quarter of 2011, the Seattle-based real estate information marketplace said in a release.