Zillow CEO Spencer Rascoff sat down with Fortune’s Adam Lashinsky to discuss the future of the housing market and the news is not good. Rascoff reported that according to Zillow software, the housing market can expect to see values decline another three to five percent over the next year. Unfortunately for sellers, the values are expected to stay bottomed out for several years.

 

Photo: Images_of_Money/Flickr

The opinions expressed by MNN Bloggers and those providing comments are theirs alone, and do not reflect the opinions of MNN.com. While we have reviewed their content to make sure it complies with our Terms and Conditions, MNN is not responsible for the accuracy of any of their information.