Posted by: Marvin Remmich | December 20, 2012

Home Values Rise for 13 Straight Months, Rents Fall Flat

Home values still rose into November, marking more than a year of monthly price gains, while national rents fell flat, according to data from Zillow. On a monthly basis,
home values inched up by 0.6 percent from October, with the Zillow Home Value
Index at $156,200 for November. For 13 straight months now, prices have
displayed monthly gains. As home values rose, national rents averaged a slight
0.1 percent month-over-month drop, falling to a value of $1,278 in November,
according to the Zillow Rent Index. Over a one-year period, rents still
increased by 4.5 percent.

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