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Mounting Optimism in the Housing Market, says Zillow Chief Economist – Real Estate for Sale in Santa Monica
Stan Humphries, Zillow’s chief economist, appeared on Fox Business’s “After the Bell” last week to discuss the positive signs in the housing sector.
Stan says the broad trend of housing data shows a slowly stabilizing market. Since December, new and existing home sales have been up between 5 and 12 percent from where they were last year. And Zillow’s May housing report showed that U.S. home values rose for the third month in a row, climbing from 0.5 percent from April, according to the Zillow Home Value Index.
Watch the entire segment here.