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Housing Market Turns Corner; U.S. Home Values Post First Annual Increase In Nearly Five Years

Posted by Bonnie Martin Designated Broker on Thursday, July 26th, 2012 at 8:54am. - Zillow’s second quarter Real Estate Market Reports, released today, show home values increased 2.1% from the first to the second quarter of 2012 to $149,300 (Figure 1). On an annual basis, home values rose 0.2% from June 2011 levels (Figure 2), marking the first annual increase in U.S. home values since 2007. In addition to showing both quarterly and annual appreciation, national home values also rose for the fourth consecutive month, increasing 0.7%. Notably, home value appreciation in the second quarter was the highest since the fourth quarter of 2005.

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