Latest market report shows signs of us property market stabilising

Five years after the peak of the residential real estate market in the United States the bumpy road towards stabilisation is underway, according to the latest analysis from Zillow.

Nationally property values show recent rises in many markets and in others the decline is slowing, the company’s second quarter real estate market report shows.

Year on year values have dropped 6.2% with 142 of 154 markets in Zillow's report showing declines. But recent trends were more positive, with home values falling 0.4% from the first to the second quarter, the smallest quarterly decline in more than four years.

Nearly two thirds, 94 of the 154 markets in Zillow's report experienced home value appreciation and negative equity fell slightly to 26.8% of single family homes with mortgages from 28.4% in the first quarter of the year.

Source: PropertyWire.com