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US housing recovery becoming more widespread, latest index suggests

Posted on 27 March 2013

US home values nationwide rose for the sixteenth straight month in a row in February as the real estate market recovery gathered pace, according to the latest index from Zillow. Its Home Value Index rose to $158,100 and all 30 of the largest metro areas covered by the index registered both monthly and annual appreciation in advance of the traditional spring home shopping season.
Overall values increased by 0.1% compared with January and were up 5.8% up year on year, the second largest annual gain since August 2006, exceeded only by January’s 6% year on year jump. The last time national home values were at this level was in June 2004………………………………………..Full Article: Source


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