Obama suffers another decline: White House value drops 5.1%


During his first year in office, President Barack Obama's home has lost 5.1% of its value. No, not his house in Chicago, the White House.

According to a new "Zestimate" by the witty folks at Zillow, 1600 Pennsylvania Ave. is now worth a measly $292.5 million.

That decline mirrored the 5% drop seen across the country, Zillow reports, but was higher than the 3.6% in the Washington, D.C. area.