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U.S. House Values Jump 1.3% in Q3, Zillow Says

Biggest quarterly gain since 2006 spread unevenly across the country.

By Prashant Gopal | Updated on October 23, 2012

U.S. home values jumped 1.3 percent in the third quarter, the biggest gain since 2006, in an uneven recovery across the country, Zillow Inc. said.

The median value rose to $153,800 from $151,800 in the previous three months on a seasonally adjusted basis, the Seattle-based property-data company said in a report today. It was the biggest increase in Zillow’s Home Value Index since the first quarter of 2006, when values rose 1.5 percent.

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