Posted by: Marvin Remmich | February 25, 2013

Home Values Post Biggest Annual Increase Since 2006; Rent Gains Slow

Home values in
January posted their biggest annual increase since July 2006, beating national
gains in rent, according to a recent report from Zillow. The Zillow Home Value
Index rose for the 15th straight month to $158,100 in January 2013. The
improvement represents a 6.2 percent year-over-year gain and a 0.7 percent
increase from December 2012. The winter season, however, slowed gains for the
Zillow Rent Index, which was down 0.2 percent from December, but still 4.3
percent higher compared to a year ago.

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