Tuesday, December 13, 2011

Home Prices Stabilizing

Zillow's Real Estate Market Report is out today and brings with it a bit of good news:
According to the Zillow Real Estate Market Reports released today, national home values have continued to decline, dipping 0.3 percent from September to October 2011. There is a bit of a silver lining in this month’s report, however, as the rate of monthly depreciation has stabilized around -0.2 percent to -0.3 percent over the last few months, which is “an improvement from the rates reached in the fall of last year,” Zillow Chief Economist, Dr. Stan Humphries, said in his analysis on the Zillow Research page.