Property appreciation on an upward trend. Homeowners should take comfort that home prices are rising. For local information see following article.
“Home values maintained their upward trajectory in February after climbing for the 16th straight month, according to Zillow’s Home Value Index. The index registered a national value of $158,100 last month, which represents a slight 0.1 percent increase from January and a 5.8 percent jump from February 2012, Zillow reported. The yearly gain is the second largest increase since August 2006. In January, the year-over-year gain was 6 percent. At the same time, all 30 of the largest metros tracked by the online real estate marketplace saw monthly and yearly price growth.”