Home values rise in Orlando and also around the US.

Home values are on the rise in metro Orlando, and for the first time since 2007, national home values increased as well.

Metro Orlando had a year-over-year increase of 1.3 percent to an average of $118,200 in the second quarter.

The Zillow Home Value Forecast projects Orlando’s bottom in home values occurred in the fourth quarter of 2011 and expects the city’s home values to rise 2.8 percent over the next year.

National home values saw a 0.2 percent uptick year-over-year to an average of $149,300.

Zillow forecasts the nation hit its bottom in home values during the first quarter of 2012 and expects home values to increase 1.1 percent over the next year.

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Bill Cowie

President

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