Home values soar in April

Zillow says U.S. home values are now higher than they have ever been.

Check out the appreciation in Phoenix.

National median home values are rising at their fastest pace in 12 years, according to the April Zillow® Real Estate Market Report

Over the past year, home values across the country rose 8.7% to a median value of $215,600.

Home values have not appreciated this quickly since June 2006, right before the housing bubble bust, when they were appreciating 9% annually. U.S. home values are now higher than they have ever been, and home values in 21 of the 35 largest housing markets have surpassed peak value hit during the height of the housing boom over a decade ago, Zillow said.

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