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发帖数: 2343 | 1 By Gretchen Wegrich
Spurred by the onset of the spring home buying season, 30 largest US metro
areas reported increased home values in February, indicating that the
housing recovery is becoming more widespread, reported Zillow in the
February Zillow Real Estate Market Reports. February is the 16th consecutive
month of home value gains.
U.S. home values rose 5.8 percent year-over-year, the second largest annual
percentage gain since August 2006. Home values have not reached this level
since June 2004.
"The housing market recovery has continued to gain momentum over the past
several months and looks firmly entrenched as we enter the 2013 spring home
shopping season," said Zillow Chief Economist Dr. Stan Humphries. "We expect
that rising home values will continue to help cure many of the ills still
facing the housing market, including high levels of negative equity.”
Future outlook
Home values are expected to increase by 3.2 percent to approximately $163,
100 during the 12 month period beginning February 2013, reported Zillow,
falling short of the year-over year increase of 5.6 seen in 2012.
“Rising home values will free many more homeowners from negative equity,
allowing some of them to list their homes for sale which, in turn, will ease
supply constraints,” said Humphries, adding, “Burgeoning new construction
will also help bring more supply into the marketplace. As more supply comes
on line, home value appreciation rates will moderate and stabilize, marking
the final transition from a recovering market to a healthy and sustainable
market."
Historic norms for home value appreciation are between 3 and 5 percent,
where home values are expected to stabilize over the next few years.
Zillow focused its attention on the 30 largest metro areas. The markets
where home values saw the largest gains over February 2012 were Phoenix (+22
.9%), San Francisco (+18.6 percent), Las Vegas (+18.1 percent), San Jose (+
17.1 percent) and Sacramento, California. (+15.3 percent).
In February, national rents also rose 4.5 percent over February 2012 levels.
Of the 352 metro areas covered by Zillow, just 73 experienced home value
declines between Fe. 2012 and Feb. 2013.
Foreclosures in February decreased to 5.25 home foreclosed out of every 10,
000 homes in the United States, a reduction of 2.5 homes from February 2012
levels. Foreclosure resales made up 13.71 percent of homes sold in February,
a decrease of 3.5 percentage points from February 2012.
Zillow Home Value Index
Zillow Rent Index
Metropolitan Areas
Feb.
2013 ZHVI
Month-Month % Change
Year-Year % Change
Feb. 2013 ZRI
Month-Month % Change
Year-Year % Change
United States
$158,100
0.1%
5.8%
$1,282
0.1%
4.5%
New York
$346,500
0.1%
2.0% |
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