MBA Newslink – Mike Sorohan
For the sixth straight month, home value appreciation was at or exceeded 5%, according to data from Zillow. More specifically, home values rose in April to $158,300. Home values jumped 5.2% over year ago levels, Zillow ($59.22 0.7601%) reported, reaching their highest level since June 2004. A majority of the 365 metros — 55% to be exact — experienced home value appreciation in April from March. Sacramento saw the largest monthly increase, with home values jumping 3.4%. Las Vegas and San Francisco also reported monthly increases of 3% and 2.8%, respectively.