Home values surged over the summer
An industry report suggests that lack of inventory is pushing prices sharply higher
Homeowners saw their net worth rise over the summer as home values increased at a pace not seen since the market recovered from the Great Recession.
Zillow, an online real estate marketplace, reports that the typical home value increased in September to $259,906. The 0.8 percent increase over August was the largest since November 2005, at the peak of the housing bubble.
For the third quarter, the typical home value increased by 2.2 percent, the biggest jump since 2013. On...
