Is the housing market recovering?

According to Zillow … yes!

  • National home values rose 1.1% from September to October to $155,400 …  the largest monthly increase since August 2005
  • October is the 12th consecutive month of home value appreciation
  • On a year-over-year basis, home values were up by 4.7% – best since September of 2006
  • Rents across the nation were up by 5.4% from a year ago 

Zillow says: Most markets have already hit a bottom and 40 out of the 256 markets covered are forecasted to experience home value appreciation of 3% or higher.

 

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