Tuesday, June 5, 2012

Zillow Thinks Prices Have Bottomed Out in Tampa Bay Area

Editor's note: The data below is from the Zillow Real Estate Market Report for the first quarter of 2012.

U.S. home values were up 0.5 percent from February to March.
Zillow estimates that national home values are back at 2003 levels.
A combination of rising rents, low mortgage rates and bottoming-out home prices have Zillow's analysts predicting that housing markets will bottom out by late 2012 or early 2013.
Markets that Zillow thinks have already bottomed include Boston, Dallas, Denver, Miami, Orlando, Philadelphia, Phoenix, Pittsburgh, St. Louis and Tampa Bay.