Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

U.S. Homes Post Largest Gain in Value Since 2005
Dec 23, 2013
 Printable format
 Email this Article
 Search

Homes nationwide in the United States are expected to gain almost $1.9 trillion in cumulative value in 2013, the second consecutive annual gain and the largest since 2005, according to an analysis of Zillow Real Estate Market Reports.

Gains were calculated by measuring the difference between cumulative home values as of the end of 2012 and anticipated cumulative home values at the end of 2013.

The overall value of all homes in the United States at the end of 2013 is expected to be approximately $25.7 trillion, up 7.9% from the end of 2012. Last year, cumulative home values rose 3.9% from 2011.

Home values fell every year from 2007 through 2011. Between 2007 and 2011, the total value of the U.S. housing stock fell by $6.3 trillion. Over the past two years, U.S. homes have gained back $2.8 trillion, or about 44% of the total value lost during the recession.

"In 2013, the housing market continued to build on the positive momentum that began in 2012, after the housing market bottomed. Low mortgage rates and an improving economy helped bring buyers into the market, boosting demand and driving prices up," said Zillow Chief Economist Stan Humphries. "We expect these gains to continue into next year, though at a slower pace. The housing market is transitioning away from the robust bounce off the bottom we've been seeing, toward a more sustainable, healthier market. This will result in annual appreciation closer to historic norms of between 3% and 5%."

Of the 485 total metro areas analyzed nationwide, almost 90% experienced home value gains in 2013.

Back to Daily News

 

Daily News

...........................................................

Oct 6, 2014: User-installable burner launched to protect against cooking fires

Oct 3, 2014: Big August increase for new home sales

Oct 3, 2014: DOE rejects AHRI petition over walk-ins standard

Oct 2, 2014: Consumer confidence down in September

Oct 2, 2014: LG gas dryers first to get 2015 Energy Star certification

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows