According to Zillow, Inc., U.S. home values rose 1.3 percent in the third quarter, which may not seem like a large amount, but this is the biggest increase since 2006. The average home value has risen from$153,800 to $151,800. Home prices have been rising due to two main factors. First of all, the unemployment rate …
U.S. Home Values Experience Biggest Gain Since 2006 Read More »
Last month’s sales numbers on new U.S. homes has experts believing that the housing market is years away from recovering. The Commerce Department reported Monday that new-home sales fell 2.3 percent to a seasonally adjusted annual rate of 295,000 in August. In a healthy housing market, the rate would be about 700,000. The decline equals …
Home prices across the country continue to tumble down. The Standard & Poor/Case-Shiller Home Price Index, the leading measure of U.S. home prices, was released for the first quarter of this year to show an eighth drop in a row. The index fell 4.2 percent in the first three months of 2011. That follows a …
