Pursuits
Home Values Post First Year-Over-Year Increase Since 2007
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Home values posted their first year-over-year increase since 2007 in the second quarter as the U.S. property market began to lift off a bottom, Zillow Inc. said.
The Zillow Home Value Index rose to $149,300, a 0.2 percent increase from the second quarter of 2011, according to the property-data company. Residential values have gained for four months in a row, the Seattle-based firm said today. Of the 167 markets tracked by Zillow, 53 posted annual increases.