According to Zillow’s April Real Estate Market Reports, national home values rose 0.5% from March to April 2013.
Year over year basis, from April 2012- April 2013 home values were up 5.2% for 6 straight months
Rents were up 3.9%
Foreclosed Homes continued to decline in April with 4.8 out of every 10,000 homes in the country being liquidated.
Appreciation Forecast calls for 4% Appreciation nationally from April 2013 – April 2014
Negative equity stands at 27.5%
Housing Inventory was 14.4% tighter nationally than in April 2012
With the increase in home values, inventory for home-buyers is looking promising. More sellers will be listing their homes and moving up. There will be a growing demand for more moderate to higher priced homes as the economy moves through an upswing. So if you are thinking of selling your home, this is the time to do it! Feel free to contact us for any roof repairs or replacement!