by Calculated Risk on 11/21/2012 12:22:00 AM
Wednesday, November 21, 2012
Zillow: House Prices increased 4.7% Year-over-year in October
From Zillow: October Marks 12th Consecutive Month of National Home Value Increases
Zillow’s October Real Estate Market Reports, released today, show that national home values rose 1.1% from September to October to $155,400. This is the largest monthly increase since August 2005 when home values rose 1.2% month-over-month. October 2012 marks the 12th consecutive month of home value appreciation, further evidence of a durable housing market recovery. On a year-over-year basis, home values were up by 4.7% in October 2012 – a rate of annual appreciation we haven’t seen since September of 2006 ...
In October, 276 (75%) of the 366 markets showed monthly home value appreciation, and 228 (62%) of the 366 markets saw annual home value appreciation. Among the top 30 metros, 29 experienced monthly home value appreciation and 26 saw annual increases.
![Zillow YoY House Price Index](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8iu2jRVnsQFR65h3LaTVZE9r3nE3thQKSQlmGz5z9bfw5qJ4FfAjSJvt7zTkTEDqgc15l8Qt1v2jDK_sr3kXoU2yHNkpTNNOlsLBD7gGAWo14IpnqMIFAtaV62tZtVJpA0Jb_/s320/ZillowYoYOct2012.jpg)
The graph from Zillow shows both the year-over-year and month-over-month change for the Zillow HPI.
This is a very strong month-over-month increase, and the largest year-over-year increase since 2006.