Home Values Are Stabilizing, Zillow Reports

Home values are flat and appear to be stabilizing, according to real estate website, Zillow, which was better than expected considering a high level of unemployment, negative equity and fragile consumer confidence.

The company reported U.S. home values fell 0.2 percent in the third quarter. Only 26 markets saw home values rise this quarter, compared with 61 markets in the previous quarter. On a year-over-year basis home values were down 4.4 percent with the Zillow Home Value Index at $171,500.   Read More