After a robust bounce off the bottom throughout 2013 that buoyed national home values 6.4 percent year-over-year by the end of the fourth quarter, the housing recovery has entered its middle stages, setting the stage for a mixed 2014, according to the fourth quarter Zillow Real Estate Market Reports.
The U.S. Zillow Home Value Index stood at $169,100 as of the end of the fourth quarter, up 1.4 percent from the end of the third quarter, and 0.6 percent from November. After peaking at 7.1 percent in August, the pace of annual home value appreciation fell below 7 percent throughout the fourth quarter as unsustainably high appreciation rates began to tail off.
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