White House slips millions in real estate value

January 3, 2011 10:57:22 AM PST
The White House has apparently become the latest victim of the nation's housing crisis.

According to the online real estate website, Zillow.com, the president's home and home office has lost nearly a quarter of its value. In the last month alone, the value dropped almost $4 million.

Zillow says the White House was worth more than $331 million at the top of the housing boom, but the latest price tag is now estimated at $253 million.


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