US Home Prices Rise Mildly For First Time Since 2007 - Spokane, North Idaho News & Weather KHQ.com

US Home Prices Rise Mildly For First Time Since 2007

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FOXNEWS.COM - U.S. home prices rose mildly on an annual basis in the second quarter, the first increase since 2007, according to real-estate website Zillow.

The Zillow Home Value Index climbed 0.2% on a year-to-year basis to $149,300. The report showed annual increases in 53 of the 167 markets surveyed. Home prices in Phoenix, Arizona, a market that was particularly hard hit by the housing bust, showed the biggest jump, surging  ­­some 12.1%. click here to read more