Home Values Hit Bottom according to Zillow

Anyone selling their home today should be encouraged by a recent Zillow report saying the market has hit bottom. “After four months with rising home values and increasingly positive forecast data, it seems that the country has hit bottom in home values,” said Zillow Chief Economist Stan Humphries.

Hot markets like Phoenix, Fort Myers and Green Bay already know the tide has turned. For others where there’s a supply of houses in foreclosure and over built communities the picture is not so rosey.

The Zillow Home Value Index is built from automated valuation estimates generated by Zillow for single-family residences, condominiums and cooperatives, regardless of whether they sold within a given time period. At the national level, the Zillow Home Value Index reflects the medium “Zestimate” of all homes in the U.S. expressed in dollars.

For more information about Zillow go to www.zillow.com where you’ll find information and tools to make smart decisions about homes, real estate and mortgages.

When you’re looking for the cost of home improvement projects visit us at www.diyornot.com and www.m.diyornot.com.

About diyornot.com

Gene and Katie Hamilton are authors of 20 home improvement books and creators of www.diyornot.com, a website that compares the DIY and contractor costs of hundreds of repair, decorating and remodeling projects. Their weekly column Do It Yourself or Not is syndicated by Tribune Content Agency.
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