According to the April Zillow Real
Estate Market Reports, U.S. home value continues to climb. April was
the sixth consecutive month that home values exceeded a 5 percent climb.
This is the largest streak since 2006. The streak should not be
expected to last. As more inventory is offered in the market some home
prices will have to fall to level out with the rest. The Zillow Home
Value Forecast predicts a 4 percent climb in the next year although most
markets have already hit bottom.
National rents declined 2 percent in April compared to March. Demand for rental properties is still strong. Many investors are buying homes, fixing them up and turning them into rental units. Because of this, many markets are seeing less inventory and sharp home value appreciation brought on by the investors. Over the past month there has been a slight increase in inventory in some markets as more housing is constructed as well as more sellers enter the market. If you're interested in selling or buying a home, please contact your local real estate expert today.
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