Wednesday, June 13, 2012
Zillow reported that both national home values and rent both rose in the month of April. According to Zillow, home values rose nationwide 0.7%, marking the largest month to month increase in value since 2006, and April is also the second month in a row for the value to increase! While King County home prices are on the rise, rent is also steadily climbing; of the 178 areas covered by the Zillow Real Estate Market Reports, 78% saw an increase in rent. The housing recovery appears to be headed in the right direction after all, even though a weighted number of Americans still have homes with mortgages that are underwater, or risk being in foreclosure.