April 17, 2024 10:36 pm
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Zillow report shows home values still going up after 48 consecutive months

Home ValuesWith rising home prices across the country, affordability remains an issue

By Britt Chester | inman

Zillow’s recent Home Value Index (ZHVI) revealed home values increased 5.1 percent over the past year. The current median home value in the United States is $187,300 as of July. The increase in home values has been steady since August 2012, Zillow reports.

Affordability continues to be a struggle in some states, though. California, for example, has a median home value right around $516,000. At this level, the California Association of Realtors determined residents need to make over $100,000 per year to afford homes.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.