Zillow Says Home Values Hit Highest Monthly Decrease Since 2011

Per Zillow:

Zillow said home values dropped by 0.3% from July to August. This is the highest monthly decrease since 2011 measured by the Zillow Home Value Index.

Midwest markets are retaining their competition while the demand in Western markets is cooling. Home values have risen in 12 of the 50 largest US markets within the same period with Birmingham topping at 0.9%.

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