{"id":997,"date":"2012-07-29T07:27:31","date_gmt":"2012-07-28T21:27:31","guid":{"rendered":"http:\/\/www.bnerealestate.com.au\/?p=997"},"modified":"2012-07-29T07:27:31","modified_gmt":"2012-07-28T21:27:31","slug":"home-values-rise-for-first-time-in-5-years-in-us","status":"publish","type":"post","link":"https:\/\/migration.sellingbrisbane.com.au\/?p=997","title":{"rendered":"Home values rise for first time in 5 years in US"},"content":{"rendered":"<p>NEW YORK (CNNMoney) &#8212; Home prices hit a bottom and are finally bouncing back, according to an industry report released Tuesday.<br \/>\nNationwide, home values rose 0.2% year-over-year to a median $149,300 during the second quarter, the first annual increase since 2007, real estate listing site Zillow reported. Prices were up 2.1% from the first quarter.<\/p>\n<p>Even though June marked the fourth consecutive month of home value increases, overall home prices are still down almost 24% since April 2007, when Zillow began to track home values.<br \/>\n&#8220;[I]t seems clear that the country has hit a bottom in home values,&#8221; said Zillow&#8217;s chief economist Stan Humphries. &#8220;The housing recovery is holding together despite lower-than-expected job growth, indicating that it has some organic strength of its own.&#8221;<br \/>\nLast winter, Zillow projected that the housing market turnaround would not arrive until the end of the year.<br \/>\nOther home price indexes have also recorded gains lately, including the S&amp;P\/Case-Shiller home price index. In it latest release, it reported that home prices in 20 major markets rose 1.3% in April, the first monthly increase in seven months.<\/p>\n<p><a href=\"http:\/\/money.cnn.com\/2012\/07\/24\/real_estate\/home-values\/\" target=\"_blank\" > http:\/\/money.cnn.com\/2012\/07\/24\/real_estate\/home-values\/ <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (CNNMoney) &#8212; Home prices hit a bottom and are finally bouncing back, according to an industry report released Tuesday. Nationwide, home values rose 0.2% year-over-year to a median $149,300 during the second quarter, the first annual increase since 2007, real estate listing site Zillow reported. Prices were up 2.1% from the first quarter. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,1],"tags":[6,7,8,9,16,22,27],"class_list":["post-997","post","type-post","status-publish","format-standard","hentry","category-sellers-property-news","category-uncategorized","tag-acreage-living","tag-brisbane","tag-brisbane-acreage","tag-brisbane-real-estate","tag-lifestyle-property","tag-samford-community","tag-samford-show"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Home values rise for first time in 5 years in US - Selling Brisbane<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/migration.sellingbrisbane.com.au\/?p=997\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home values rise for first time in 5 years in US - Selling Brisbane\" \/>\n<meta property=\"og:description\" content=\"NEW YORK (CNNMoney) &#8212; Home prices hit a bottom and are finally bouncing back, according to an industry report released Tuesday. Nationwide, home values rose 0.2% year-over-year to a median $149,300 during the second quarter, the first annual increase since 2007, real estate listing site Zillow reported. Prices were up 2.1% from the first quarter. 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