Hot Off The Press!! Real Estate Values: Have They Hit The Bottom?

US Home Values: Have They Hit Rock Bottom

Facts: For the past four months, zillow.com has picked up on trends and as of Tuesday, zillow.com declared the real estate market as having turned the corner to recovery. "After four months with rising home values and increasingly positive forecast data, it seems clear that the country has hit a bottom in home values," said Stan Humphries, chief economist at Seattle-based Zillow, which measures home values. "The housing recovery is holding together despite lower-than-expected job growth, indicating that it has some organic strength of its own."

Zillow based this announcement on their measurements of the value of single-family residences, condos, and other housing units. Zillow forecasts that home values will increase over the next year in nearly 43 percent of the markets it tracks, with Phoenix expected to lead with a 9.9 percent increase, followed by Miami with a 6.1 percent gain. U.S. home values are expected to rise 1.1 percent overall.

Some Reader's Reactions:

“You can't call the winner of the game at halftime.  That is what Zillow is doing here.  They must have a vested interest in making the public believe this stuff.  They have officially joined the rest of the media in trying to make believe that the emporer does have clothes.” 

 

Hart Real Estate Solutions

www.hart.realtor

406.585.0000

Hart Real Estate Solutions Bozeman Montana


  

 

Comment balloon 0 commentsHart Real Estate Solutions • July 27 2012 09:10AM
Hot Off The Press!! Real Estate Values: Have They Hit The Bottom?
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