Home Values Rise in Third Quarter
Seattle, WA, Oct. 23, 2012 -- Home values rose 1.3% in the third quarter, the biggest gain since 2006, according to online real estate firm Zillow Inc.
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The median value increased to $153,800 from $151,800 in the previous quarter and was the biggest increase in Zillow’s Home Value Index since the first quarter of 2006, when values rose 1.5%.
Nevertheless, values fell from the second quarter in 52% of markets covered by the index.