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Biggest Housing Market Value Swings

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 Toscano
Posted 22 Dec 2009

Source: Zillow.com | Photo: Garry Hunter| Stone Sub | Getty Images