Home Values Edge Above Pre-Downturn Peak

Home values have edged above their pre-downturn peak, with the current national median value, $198,000, 1 percent higher than in 2007, according to the April Zillow® Real Estate Market Reports. Values have risen 7.3 percent year-over-year, with values in Seattle, Wash., again topping the charts in April. Rents, at the same time, have risen 0.7 percent.
Is the housing market treading into unsustainable territory? Zillow Chief Economist Dr. Svenja Gudell shuts down the assumption.
“Now t