More than half of U.S. homes have dropped in value over the last year — and nearly all houses in these cities have seen losses

For-sale sign advertising a "new price" in front of a home in Washington, D.C. (Credit: Nathan Howard—Bloomberg via Getty Images)

The share of U.S. homes that have lost value in the past year is the highest since the aftermath of the Great Recession, according to Zillow.

In October, 53% of homes saw their “Zestimates” decline, the most since 2012 and up from just 16% a year earlier. Losses were most widespread in the West and South.