According to @KobeissiLetter citing Zillow, 53% of US homes lost value over the last year, the largest share since 2012. According to @KobeissiLetter citing Zillow, national home prices were flat on average year over year even as values declined from peaks across major metros. According to @KobeissiLetter citing Zillow, the share of homes below peak levels is 91% in Denver, 89% in Austin, 88% in Sacramento, 87% in Dallas and Phoenix, and 86% in San Antonio. According to @KobeissiLetter citing Zillow, the national average drawdown from peak values is -9.7%, compared with -27.0% in 2012. According to @KobeissiLetter citing Zillow, these figures indicate a stagnant housing market backdrop for traders.