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Zillow reports: Home values grow in 2015, but slower than 2014

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According to a recent report released by Zillow, the growth of home values throughout the U.S. brought several markets to be at their highest value ever. Nationwide home values grew $1.1 trillion in 2015. Since the lowest point of home values reported in December 2011, homes have regained $5.3 trillion.

For the 10th consecutive month, Denver home values grew by 15.5 percent annually. Other metros that saw double-digit gains include San Francisco, Portland, San Jose, Dallas and Miami.

“Total home value growth slowed this year, but there was still a significant increase in overall value, and many markets are more valuable than they’ve ever been,” said Zillow Chief Economist Dr. Svenja Gudell.

“At the same time, more renter households and rising rents combined to set new records in rental spending in 2015. Americans are spending a lot of money on housing, and that will make affordability an important issue next year.”

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Zillow’s November Real Estate Market Reports, which is calculated based on information from the U.S. Bureau of Economic Analysis and 2014 U.S. Census estimates, found the Washington, D.C. November Zillow Home Value Index to be $357,200.