Home Prices Since the Meltdown: This Simple Chart Tells It All

Home Prices Since the Meltdown: This Simple Chart Tells It AllThe latest home price report is in from Zillow, and it’s another positive one: January 2013 marks the 15th consecutive month of home value appreciation. (See chart below.)
On a year-over-year basis, home values rose 6.2 percent from January 2012 – a rate of annual appreciation that hasn’t been seen since July 2006 (when the rate was 7.5 percent).
National home values rose 0.7 percent from December to January to $158,100. Rents are up 4.3 percent on a year-over-year basis.
The Zillow Home Value Forecast calls for 3.3 percent appreciation nationally from January 2013 to January 2014.
“Most markets have already hit a bottom – with only 9 out of 260 not projected to hit a bottom within the next year – and 78 out of the 260 markets covered are forecast to experience home value appreciation of 3 percent or higher,” Zillow reported Friday.
Home Prices Since the Meltdown: This Simple Chart Tells It All

Leave a Reply

Your email address will not be published. Required fields are marked *