The folks at Zillow have introduced a new anaysis report, called home value bands, where they break down how homes are selling at different price points and the percentage of people who bought last year who now have negative equity. Here is a Link.

One thing that jumped out at me was the negative equity link. For homes purchased between $117,500 and $216,499 in 2007, 19 percent are worth less now. For the homes purchased between $216,000 and $321,499 last year, that percentage drops to around 12 percent. For homes above $321,499, the percentage is 7 percent.

So for the high-end homes, the vast majority (93 percent) of homes purchased have prices that have either stayed the same or have gone up in the past year.

There are varying views about Zillow’s accuracy, but they seem on the mark on a lot of stuff, and this an interesting way of looking at what’s happening. I’ll dig through the report further to see what else it reveals. Any thoughts on this report, or on Zillow in general?