More metro Denver homes lost value over the past year than in any other major U.S. metro, a recent Zillow analysis shows.
Why it matters: It’s a major reversal in a market that spent the pandemic shattering price records. Still, most homeowners “have plenty to feel good about,” the real estate site reports.
What they’re saying: “While fluctuations in home values can distress watchful owners, the vast majority are sitting on large equity gains that they can take advantage of when they sell,” Zillow chief economist Mischa Fisher tells Axios…