Housing Values Keep Adding Up

Nationalmortgagenews reports the national value of homes remains $5.8 trillion short of the $29.5 trillion peak from the third quarter of 2006, according to home-listing service Zillow Inc. As the housing market recovers from its worst slump in 75 years, house values advanced six percent this year, the first increase since 2006, moving up $1.3 trillion to $23.7 trillion since Dec. 2011. The National Association of Realtors (NAR) says sales of previously-owned homes rose 5.9 percent Nov. over Oct. 2012, hitting an annual pace of 5.04 million. As MHProNews has learned the median resale price increased ten percent over Nov. 2011 to $180,600.

(Image credit: Benzinga–magnifying money)

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