August Market Holds Steady

From 10,000 feet, the U.S. housing market has been nothing if not predictable in 2016 – inventory has been down, home values have grown at a remarkably steady pace and sellers have largely been sitting pretty. None of these trends shifted meaningfully in August, though there are a precious few signs emerging that hint at potential changes on the horizon.
For the 49th month in a row, the median U.S. home value rose year-over-year in August, to a Zillow Home Value Index of $188,100, up 0.4 p