February 22nd, 2013
Average national home values rose to $158,100 last month, up 0.7 percent from December and 6.2 percent from January 2012, according to the January Zillow Real Estate Market Reports.
According to a Zillow blog post from Feb. 21, January marked the 15th consecutive month of home value gains.
“The 6.2 percent annual gain is the largest since July 2006, when home values rose 7.5 percent year-over-year. The last time national home values were at this level was in June 2004,” the post reads.
The continued rise in home values assures that less Americans will be underwater on their mortgages – or owe more than the home is worth.