Annual Home Values Rise 6.2 Percent Nationwide in January

Zillow’s release of our January Real Estate Market Report indicates national home values rose to $158,100, up 0.7 percent from December. This rise marks the 15th consecutive month of national home value gains, indicating a resilient housing market. Home values grew 6.2 percent year-over-year, the largest annual gain since July 2006 (7.5 percent). 

Buy or Sell a Home in Santa Fe, NM

Annual home value appreciation was widespread last month, with gains in all of the 30 largest metro markets covered by Zillow. One-third of the top 30 metros boasted annual appreciation rates above 10 percent, led by Phoenix (21.9 percent), San Francisco (17.2 percent) and San Jose (16.8 percent). Los Angeles, with a 9.7 percent annual appreciation rate, just missed the cut. Monthly home value gains in January were measured in 27 of the top 30 metros. St. Louis and Orlando depreciated, while Baltimore remained flat. Read More...