Home values in the Bay Area and nation continue to sink, but they’re no longer plummeting, according to a real estate report being released today.

Homes in the nine-county Bay Area lost $38.1 billion in value in the first 11 months of this year, a 3 percent drop, according to real estate site Zillow.com. Gargantuan though that sounds, it’s a pittance compared with the $233.1 billion in home values wiped out in 2008, which was a 15.7 percent plunge from the previous year.

Full story is available on San Francisco Chronicle