Zillow: Home values up 6.6%, will rise 5.2% next year

Posted by Bonnie Martin Designated Broker on Tuesday, September 24th, 2013 at 6:59am.

menhouse_sellingpix_450realestate.msn.com - Home prices are continuing to rise, showing a 6.6% annual increase in the past year, the largest gain since July 2006, according to new figures from Zillow.

The Zillow Home Value Index rose 0.4% from July to August, to $162,100, according to the August Zillow Real Estate Market Reports, bringing it to the level of September 2004. Zillow predicts home values will rise an additional 5.2% by next August.

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