My Real Estate Blog

Home values show minimal appreciation in August

Home values nationwide showed minimal monthly appreciation in August 2011, according to the Zillow Real Estate Market Report. The Zillow Home Value Index increased 0.1 percent from July to August. On a year-over-year basis, home values declined 4.5 percent to $172,600. Home values have fallen 28.3 percent since they peaked in June 2006.

Regionally, 68 of the 157 metropolitan statistical areas (MSAs) covered by Zillow experienced monthly home value appreciation, though minimal in many areas.

The foreclosure liquidation rate, which measures the number of homes lost to the bank, stayed steady at around 9.2 out of every 10,000 homes foreclosed in August. This is down from the rate of 10.9 out of every 10,000 homes in October 2010, before the robo-signing lawsuits slowed the pace of foreclosures in most states.  However, foreclosure liquidations remained high in many of the hardest-hit metro areas in California, Nevada, and Arizona. In Las Vegas and Phoenix, more than 30 out of every 10,000 homes were liquidated in August.

Reprinted From C.A.R.

Posted by Adam Mallory on November 1st, 2011 9:04 PMPost a Comment (0)

Subscribe to this blog
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Adam Mallory REeBroker DRE #01727909 PO Box 84484 San Diego, CA 92138
Phone: Fax:

Your FICO score | Search San Diego Listings | Search eBroker Listings | Selling Your Home | Search REALTOR.com® | 9 Steps to Owning | Buying Foreclosures/REO's | Home Price Index | My Blog | Win $1000

Copyright © 2012 Adam Mallory REeBroker DRE #01727909
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.



 
State:
County:
City:
Zip: