Tue, 24 Jul 2012 09:47:30 GMT
U.S. Real Estate Market Lifts Off a Bottom
Home values show their first year-over-year growth since 2007, the Zillow Home Value Index increased to $149,300, a 0.2% growth from the second quarter of 2011. Record low interest rates, increase in demand and tense supply have driven the U.S. housing market despite growing unemployment rate and Eurozone recession.