Slide in U.S. Home Values Slowed in Second Quarter, Zillow Says

Home values in the U.S. had their smallest decline in more than four years in the second quarter, as the share of borrowers with negative equity shrunk, Zillow Inc. said today.

In the second quarter, 26.8 percent of single-family homeowners with mortgages owed more than their houses were worth, compared with 28.4 percent in the previous three months, the Seattle-based company said. Values fell 0.4 percent from the first quarter, the smallest drop since the first three months of 2007, when values also slipped 0.4 percent, according to Zillow, which runs a website with property-value estimates and real estate listings.