Biggest Value Swings for US Housing Markets

Source: Zillow.com | Photo: Garry Hunter| Stone Sub | Getty Images The past two years have been tumultuous for the US Housing Market, with foreclosures on the rise and home values falling in most areas of the country, but how big have those changes really been and how does 2009 compare to 2008? In its latest report, real estate site Zillow.com found that home value losses began to stabilize in 2009, reaching $489 billion in total losses during the year, compared with $3.6 trillion in 2008. Of the 154 markets tracked by Zillow, 48 saw value increases in 2009, although in the top 15 largest price swings only three markets experienced gains. Estimates are based on year-over-year changes in home values in each market through October using Zillow's "Zestimates" database.So, which housing markets experienced the most dramatic total home value swings in 2009? Click ahead to find out!By Paul ToscanoPosted 22 Dec 2009

Photo: Seth Joel | Photographer's Choice RF| Getty Images 2009 change: +$10.66 billion2008 change: -$20.73 billionYear-over-year change (2009): 0.9%Total current value: $215.74 billion

Photo: David H. Wells | The Image  Bank | Getty Images 2009 change: +$12.41 billion2008 change: -$28.73 billionYear-over-year change (2009): +1.8%Total current value: $148.59 billion

Photo: iStock Photo 2009 change: -$15.53 billion2008 change: -$39.67 billionYear-over-year change (2009): -14.9%Total current value: $156.63 billion

Photo: Kim Steele | Getty Images 2009 change: -$20.73 billion2008 change: -$43.67 billionYear-over-year change (2009): -13.4%Total current value: $166.04 billion

Photo: Glowimages | Getty Images 2009 change: -$20.85 billion2008 change: -$36.22 billionYear-over-year change (2009): -20.7%Total current value: $109.36 billion

Photo: Walter Bibikow | Taxi | Getty Images 2009 change: +$23.27 billion2008 change: -$53.38 billionYear-over-year change (2009): +1.5%Total current value: $540.44 billion

Photo: Walter Bibikow | Getty Images 2009 change: -$27.31 billion2008 change: -$53.02 billionYear-over-year change (2009): -20.5%Total current value: $161.12 billion

Photo: Gerald Lord | Getty Images 2009 change: -$30.10 billion2008 change: -$51.31 billionYear-over-year change (2009): -31%Total current value: $91.63 billion

Photo: Jumper | Photodisk | Getty Images 2009 change: -$34.25 billion2008 change: -$139.21 billionYear-over-year change (2009): -5.1%Total current value: $746.26 billion

Photo: BlackHawkTraffic 2009 change: -$39.94 billion2008 change: -$111.32 billionYear-over-year change (2009): -21%Total current value: $230.71 billion

Photo: Morey Milbradt | Brand X | Getty Images 2009 change: -$45.14 billion2008 change: -$85.97 billionYear-over-year change (2009): -20.4%Total current value: $241.14 billion

Photo: Christoph Wilhelm | Stone | Getty Images 2009 change: -$45.91 billion2008 change: -$137.15 billionYear-over-year change (2009): -16.1%Total current value: $403.53 billion

Photo: Panoramic Images | Getty Images 2009 change: -$49.02 billion2008 change: -$225.24 billionYear-over-year change (2009): -10.4%Total current value: $2.695 trillion

Photo: Bryce Pincham | Stone Sub | Getty Images 2009 change: -$49.59 billion2008 change: -$93.95 billionYear-over-year change (2009): -10.4%Total current value: $688.78 billion

Photo: CGIBackgrounds.com | Collection Mix: Subjects RM | Getty Images 2009 change: -$60.83 billion2008 change: -$345.74 billionYear-over-year change (2009): -4.2%Total current value: $1.747 trillion

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