Home values in the lowest one-third of all homes rose 6.8 percent year-over-year in 2014, Zillow Real Estate Research found.
This rate outpaces the 6.6 annual growth in all homes over the same period. As the values grow, negative equity recedes, and many entry-level homeowners who had been in negative equity are now able to refinance or sell as their home value has risen, giving the first-time buyer and low-end inventory a boost.
Advertisement
Related Stories
Sales + Marketing
New-Home Sales and Navigating the 3 D’s: Death, Divorce, and Downsizing
Here’s how home sales experts manage challenging lifestyle changes with and for their buyers
Housing Policy + Finance
Even With Inflation Running Hot and Elevated Mortgage Rates, Buyer Demand Rises
Mortgage rates will likely stay high for the next few months, but that doesn't seem to be deterring homebuyers
Market Data + Trends
A Look at Homeownership Rates Across the Nation
Data for homeownership rates in the 100 largest US cities show Port St. Lucie, Fla., in the top spot, while West Virginia is the state with the most homeowners
