After “months of robust and largely unsustainable annual home value appreciation,” the national housing market finally showed signs of Moderate Growth in this year’s first quarter, Zillow reported Thursday.
According to Zillow’s research, housing markets can expect annual home value appreciation of roughly 3 percent, historically speaking. Looking ahead, the company’s Home Value Forecast shows national home values rising 3.2 percent through March 2014, an annual appreciation rate more in line with historic norms.
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