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.

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.