Home values decreased for the first time in a decade, according to Zillow, and that’s just one of several signs it’s finally getting easier to buy a house.
My first caveat would be this is a Zillow report and we know that Zillow had significant issues with their home valuations because they had to close down that part of their business.
The Zillow Home Value Index dropped in July for the first time since 2012, according to new data from the real estate website. The index, which uses Zillow data to measure the value of a typical home, fell 0.1% on a monthly basis.
That represents a $366 decline and brings the typical home value in the United States to $357,107.
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Source: msn.com