Zillow Real Estate Market Report Shows Increase in Home Values – First Time in 5 Years
According to Zillow’s second quarter Real Estate Market Reports home values have increased 2.1% during the first two quarters of 2012. It is the first annual increase in United States home values since 2007. It is the fourth consecutive month that home values have increased.
This comes on the heels of national home values dropping to their bottom in February earlier this year, after which values have appreciated at a very quick rate.
Zillow experts are still skeptical however, and expect the growth to taper off towards the end of the year, and according to the Zillow Home Value Forecast home values are expected to increases around 1.1% between now and June 2013 (see image below).