U.S. home values ended 2012 up 5.9 percent over the end of 2011, marking four consecutive quarters of national home value appreciation, according to national real estate analytics provider Zillow. The Zillow home value index rose to $157,400 in the fourth quarter, up 2.5 percent over the third quarter, according to the company. The 5.9 percent annual appreciation rate far exceeded yearly rates of appreciation typically associated with healthy markets and represents the largest annual gain since August of 2006, near the peak of the housing bubble. Historically, housing markets can expect annual home value appreciation of roughly 3 percent on average, according to Zillow research. Looking ahead, the Zillow home value forecast shows home values increasing by 3.3 percent in 2013, a yearly appreciation rate more in line with historic norms.
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