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Zillow: U.S. Home Values Climb, 60 Percent Of Metros’ Values Increase, Rents Also Rising

Aug 21, 2012 | Reprints | Unlock Link | Print

Home values continued to climb in July, increasing 0.5 percent from June to a Zillow Home Value Index of $151,600, according to the real estate tracking company. Home values were up 1.2 percent year-over-year.

Rents also continued to rise, climbing 0.2 percent month-over-month and 5.4 percent year-over-year to a Zillow Rent Index of $1,278. Nationally, rents have increased in six out of the past 12 months, with most metros, 70 percent, experiencing rent increases from June to July.

Sixty-two percent of the metros covered in the reports saw home values climb during the month, with only 49 of the 167 metro areas experiencing declines. Boston ranked ninth on the list, with rents up 4.5 percent year-over-year, and home values up 0.4 percent.

Residential Real Estate