| National home prices were up 5.9 percent year-over-year in 2012, according to Zillow's latest real estate market report. This was the largest annual gain since August 2006, and home prices were up for four straight quarters.
Meanwhile, the Zillow Home Value Index rose to $157,400 in the fourth quarter. “We expected 2012 to be a good year for housing, and it delivered in spades. Strong demand paired with limited inventory in many markets helped fuel a robust and often rapid recovery in overall home values, good news for homeowners after years of poor performance,” said Zillow Chief Economist Stan Humphries in a press release...............................................Full Article: Source
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