Seattle home value gains up above national average

Seattle home values rose 0.4 percent in February and rose 8.1 percent in the past year, well above the national averages.
According to Seattle online real estate company Zillow Inc. (NASDAQ: Z), the national home value increase average in February was 0.1 percent and for the past year, was 5.8 percent.
Phoenix reported the largest yearly gain, percentage-wise, at 22.9 percent, followed by San Francisco, at 18.6 percent.
“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,” said Zillow Chief Economist Stan Humphries, in a statement.

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s