The housing market is edging off a slow recovery in spite of high depreciation rates concentrated on the East Coast and Midwest, according to Zillow's August Real Estate Market Report.
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While U.S. homes have appreciated 3.3% overall, more than one-quarter have seen their values drop over the last year.
In Baltimore, which saw waves of protests over the summer, 48.1% of homes have depreciated in a year. Meanwhile, 43.4% of homes in Philadelphia and 41.2% of homes in Washington, D.C., have decreased in value.
At the same time, other pockets of the country have seen home values grow at double-digit rates, including San Jose, San Francisco, Dallas and Denver.
