92% of O.C. homes lose value

Period Lost value Sold for loss Foreclose Past 12 Months 92.4% 49.6% 30.6% Past 5 Years 63.9% 12.1% 7.8% A whopping 92% of Orange County homes lost value last year, and nearly half of those sold went for a loss, online hometracker Zillow says. Orange County home values dropped 16 % in 2008, with 7% of that happening in the fourth quarter, according to Zillow. "The fourth quarter is the first [...]