U.S. Home Values Rose 5% in August 2016 - Zillow (Z)
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Home Values Maintain Steady Growth, While Rents Slow Dramatically
September 22, 2016 8:01 AM EDTSEATTLE, Sept. 22, 2016 /PRNewswire/ -- U.S. home values are up 5 percent over the past year, to a Zillow Home Value Indexi (ZHVI) of $188,100, according to the August Zillow® Real Estate Market Reportsii.
Home values have been growing at a 5 percent annual rate since the beginning of the year. The most recent income data released by the Censusiii shows incomes rising by 5.2 percent, which is good news for those looking to break into the housing market. For the first time since 2011, incomes have been appreciating faster than home values.
Inventory is beginning to... More
