Direct Call : 954-551-0236 / E-Mail : jenny_shin62@hotmail.com
NAR News (National Association of Realtors / 전미 부동산 중개인 협회)

Zillow says it’s official: Market hit bottom – Florida Realtors News * coral springs real estate jennyforhome *

* coral springs real estate jennyforhome *

SEATTLE – July 24, 2012 – Experts still question Zillow’s forecasts, but their latest one could convince skittish buyers to jump into the market: The company says its Zillow Home Value Index (ZHVI) rose on an annual basis for the first time since 2007 in the second quarter, increasing 0.2 percent year-over-year to $149,300. Zillow execs say a pattern of price increases indicates that the real estate market has hit bottom.

“After four months with rising home values and increasingly positive forecast data, it seems clear that the country has hit a bottom in home values,” says Zillow Chief Economist Dr. Stan Humphries. “The housing recovery is holding together despite lower-than-expected job growth, indicating that it has some organic strength of its own.

Nearly one-third of metros in the ZHVI – 53 out of 167 – posted an annual increase in home values. The largest increase came in Phoenix, where home values are up 12.1 percent compared to the second quarter of 2011.

In a separate report that forecasts future home values, Zillow expects 67 of 156 markets to see value increases over the next year, with the largest increases expected in the Phoenix (9.9 percent) and Miami areas (6.1 percent). U.S. home values are expected to rise 1.1 percent.

“Of course, there is still some risk as we look down the foreclosure pipeline and see foreclosure starts picking up,” says Humphries. “This will translate into more homes on the market by the end of the year, but we think demand will rise to absorb that, particularly in markets where there are acute inventory shortages now. Looking forward, we expect home values to remain relatively flat as the market works through a backlog of foreclosures and high rates of negative equity.”

© 2012 Florida Realtors®

* coral springs real estate jennyforhome *

About jennyformiamihome

성심껏 도와드리겠습니다. 연락주시면 바로 상세히 답변드립니다. Jenny Shin / 신정미 부동산 (Broker's Real Estate) 남부 플로리다 마이애미 지역 한인 부동산 주택매매 렌트 싱글하우스 타운하우스 콘도 브라워드 카운티 마이애미 데이드 카운티 포트로더데일 웨스턴 코랄스프링 도랄 Rent or Buy single house, town house and Condo Miami Dade County / Broward County, fort lauderdale, coral springs, copper city, weston, doral 1398 SW 160TH AVE. SUITE 105 Weston, FL. 33326 Direct : 954-551-0236 Office : 954-384-1616 Fax : 954-697-0447 E-mail : jenny_shin62@hotmail.com

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JENNY SHIN PROFILE


Jenny Shin / 신정미 부동산
(Broker's Real Estate)
1398 SW 160TH AVE. SUITE 105
Weston FL 33326
Direct : 954-551-0236
Office : 954-384-1616
Fax : 954-697-0447
E-mail : jenny_shin62@hotmail.com

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