Rents Accelerate While Home Values in U.S. Return to Modest Growth

According to Zillow's August Real Estate Market Report, home value growth returned to a steady pace in August 2019 after a slowdown in the first half of the year. Quarter-over-quarter growth reached an annualized rate of 3.4%, up from 0.4% in May. The median U.S. home is now worth $229,600, up 4.9% from last August, the lowest year-over-year change since April 2015. Annual growth has steadily slowed for eight consecutive months covering a period of significant change for the U.S. housing market. The rate of quarterly growth, a better indicator for recent market shifts and inflection points, has risen in each of the past three months.