Don’t get too excited, though. The 2016 quarterly decrease of 1.34 percent is very much outweighed by the 7.95 percent annual increase in the required salary for home purchasing.
If you bought a house in the fall of 2016 and covet those $75 savings, I’ve got more more marginally bad news!
The fastest appreciating homes are now in metropolitan areas are dominated by markets in the South, not the West, according to a new analysis from Zillow.
Much like the $75 humdinger, this is not going to radically change things for homeowners. Because median home value are still rising overall — up 9.3 percent over the past year, according to Zillow.
But if you’re looking to purchase a home, Zillow found that there are 8 percent more homes to choose from than a year ago.