The Bottom of the Housing Market Rises to the Top

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Low-end home value growth outpaces the average.

January 23, 2015
home value rises for low-end homes

Photo: Google Maps Screengrab of Residential Detroit

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.
 
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