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Sponsored by Pillar to Post |
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Homes Have Never Been More Valuable Than They Are Now |
By Suzanne De Vita |
The national median home value has careened to over $200,000 for the first time, with a 7.4 percent annual gain rocketing it to a new high of $200,400, according to the Zillow Home Value Index (ZHVI) in the June Zillow® Real Estate Market Reports. Values in 10 of the 35 major metropolitan areas assessed by Zillow are now within the $200,000 range. Values are on a swift upswing due to low levels of supply and spiking demand. There are now 11 percent fewer homes for sale compared to one year ago, the Reports show. "The national housing market remains red hot and shows no signs of slowing, even as some local ...
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