Menu

After five long years of a housing recession, U.S. home values have reached a bottom, according to Zillow’s second quarter Real Estate Market Reports, which were released today.

U.S. home values logged their first annual increase since 2007, rising 0.2 percent over the past year. Nearly one-third of metros covered by the Zillow reports showed annual increases in home values.

There appears to be good news on the horizon as well. The Zillow Home Value Forecast shows values will increase in two-fifths of markets over the coming year, with the biggest increases in the Phoenix and Miami markets, where home values are predicted to rise 9.9 percent and 6.1 percent, respectively.

“After four months with rising home values and increasingly positive forecast data, it seems clear that the country has hit a bottom in home values,” said Zillow Chief Economist Dr. Stan Humphries. “The housing recovery is holding together despite lower-than-expected job growth, indicating that it has some organic strength of its own.”

For more information, you can see the full press release here. More information is also available at Zillow Research.

You also might like...

11-25-14 955AM

30-Year Fixed Mortgage Rate Below 4% for Eighth Straight Week

Carrousel-Blog_BlackFriday_2014_Zillow_a_01

Bargain Home Shopping? Best Cities for Black Friday Price Cuts

Source:  David Reece  via  Flickr Creative Commons

Home Sellers Stuffing Turkeys Into Their Listings

Carrousel-Option1_2014_Q3_Zillow_b_01

Even With More Homes for Sale, Low-Priced Homes Tough to Find

Subscribe for Zillow Blog updates

We will not rent, share or spam your account, ever. Please read and review our privacy policy.

You can also stay updated by following us below

instagram googleplus pinterest