U.S. home values jumped 1.3 percent in the third quarter, the biggest gain since 2006, in an uneven recovery across the country, Zillow Inc. said.
The median value rose to $153,800 from $151,800 in the previous three months on a seasonally adjusted basis, the Seattle-based property-data company said in a report today. It was the biggest increase in Zillow’s Home Value Index since the first quarter of 2006, when values rose 1.5 percent.
The recovery is uneven across the country because of local variations in foreclosure conditions and employment, Humphries said. Growing demand from investors and foreign buyers is helping to push up values in pockets that were hard-hit by the housing crash, he said.