SEATTLE—America’s single-family homes will have gained 6.7% in value, or $2.75 trillion, by the time 2014 draws to a close, locally based Zillow said Friday, further making up the $6.1 trillion in value they lost between December 2006 and December 2011. Yet it’s a smaller yearly increase than the residential market saw the previous year, and Zillow says that’s in keeping with a moderation in home price improvement. It also has implications for the multifamily market, says Axiometrics economist Chuck Ehmann.

“Home prices can affect apartment markets, since increased purchase costs may keep more people in apartments for longer periods of time,” Ehmann wrote in a blog posting earlier this month. One reason that ‘14 has been called “The Year of the Apartment Market,” he added, was that prices for existing homes increased in 2012 and early 2013.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.