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San Jose, San Francisco and Sacramento saw biggest drops in home value over the last year - Silicon Valley Business Journal

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San Jose saw a 2.3% decrease in home values between January of this and last year, according to a recent Zillow report.

San Jose was one of three California cities that saw the biggest decreases in home values in the past year, according to a new report from Zillow.

San Jose has seen a sharp decline in home values since they peaked in May at an average of $1.5 million. In January, at the end of the comparison period, the average value for a home in San Jose was about $1.3 million.

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San Francisco, San Jose, Sacramento saw biggest drops in home values over last year - San Francisco Business TimesWhen it came to falling home values in the last year, the news was not good in these three Northern California metro areas. Here's how much they fell.
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