HOMES

U.S. Home values declined an average of 8.4 percent in the first three periods of 2008, down $2 trillion in total value, according to Zillow.com Real Estate Market Report, released this week.

Thirty of the 163 metropolitan statistical areas covered by Zillow, either showed gains in the median value of homes in the area or values stabilized.

Here are the 10 areas where values increased and declined the most.

Places Where Values Increased the Most

• Ithaca, N.Y., 5.6%
• State College, Pa., 4%
• Jacksonville, N.C., 3.9%
• Winston-Salem, N.C., 3.4%
• Bay City, Mi., 3.2%
• Rochester, N.Y. 3.1%
• Greenville, S. C., 2.8%
• Anderson, S.C. 2.7%
• Burlington, N.C., 2.6%
• Spartanburg, S.C., 2.0%

Places Where Values Decreased the Most

• Las Vegas-Paradise, Nev., -24.6%
• Bakersfield, Calif., -24.9%
• Madera, Calif., -26.2%
• Gainesville, Ga., -26.4%
• Riverside-San Bernardino-Ontario, Calif., -30.4%
• Modesto, Calif., -31%
• Salinas, Calif., -32.4%
• Merced, Calif., -32.5%
• Vallejo-Fairfield, Calif., -33.2%
• Stockton, Calif., -35.5%