June Concludes Best Spring Home Shopping Season in Almost a Decade

Posted by Bonnie Martin Designated Broker on Tuesday, July 23rd, 2013 at 8:45am.


homes.yahoo.com - As the weather warmed up this spring, so did the national housing market, shaking off a relatively sluggish start to the year to register the highest annual rate of home value appreciation in any second quarter since 2004.

The U.S. Zillow Home Value Index rose to $161,100 as of the end of the second quarter, up 5.8 percent year-over-year and 2.4 percent from the first quarter, the largest annual gain since August 2006 and largest gain in any quarter since the fourth quarter of 2005. National home values rose just 0.25 percent during the first quarter.

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