In a report released on Friday, Zillow reported that both national home values and rents rose in the month of April.
According to the April Zillow Real Estate Market Report, national home values rose 0.7 percent. Rents rose 1.6 percent in the same time period.
This is the second largest monthly increase in home values since January 2006 and it makes April the second month in a row in which home values have climbed.
Foreclosures also continued to decline in April, with 6.8 out of every 10,000 homes being foreclosed across the U.S. That figure was down from 8 out of every 10,000 in March.
Michael
