Home Values Rise Quickly but Unevenly

Posted by Bonnie Martin Designated Broker on Thursday, January 24th, 2013 at 9:01am.


nytimes.com - Home values rose nearly 6 percent in 2012, according to year-end data from the real estate Web site Zillow. But such increases aren’t likely to continue.

The increase is the largest annual gain since 2006, near the peak of the housing bubble, and is greater than the typical appreciation seen in healthy markets. Zillow forecasts an increase next year of about 3.3 percent, more in line with typical housing market appreciation. (Historically, annual appreciation averages about 3 percent, according to Zillow’s research.)

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