News From Terre Haute, Indiana

Top Story 2

July 30, 2012

Home values finally going up, Zillow says

The last several months have brought mostly encouraging news from the housing front, suggesting that the long-awaiting recovery was just around the corner. Zillow, the real estate site, says it's finally arrived.

The Zillow Home Value Index (ZHVI) rose in the second quarter on an annual basis for the first time since 2007 -- increasing 0.2 percent year-over-year to $149,300. Home values have now risen for four consecutive months.

Nearly one-third of metros, or 53 of the 167 covered by the Real Estate Market Reports, posted annual increases in home values. The largest increase was in Phoenix where home values are up 12.1 percent from the second quarter of 2011 to the second quarter of 2012. Phoenix was one of the hardest hit cities in the housing collapse.

Continuing trend?

Zillow predicts the trend will continue. Two in five, or 67 of the 156 markets covered by the Zillow Home Value Forecast, are expected to see increases in home values over the next year, with the largest increases expected in the Phoenix and Miami metros. U.S. home values are expected to rise 1.1 percent.

"After four months with rising home values and increasingly positive forecast data, it seems clear that the country has hit a bottom in home values," said Zillow Chief Economist Dr. Stan Humphries. "The housing recovery is holding together despite lower-than-expected job growth, indicating that it has some organic strength of its own.”

Fewer homes on the market

What's behind the recovery? For one thing, the National Association of Realtors has reported a sharp decline in the number of homes for sale over the last couple of months. With fewer homes for sale, buyers have less leverage to force down prices.

There has been a drop in the number of distressed properties on the market, though Humphries says that can quickly change.

Text Only | Photo Reprints
Top Story 2
  • Emmy Nominations_Ter .jpg ‘Game of Thrones’ earns a leading 19 Emmy nods

    LOS ANGELES (AP) — The sprawling and bloodthirsty saga “Game of Thrones,” defying the Emmy Awards’ grudging respect for such fantasy fare, emerged as the leader in the nominations announced today with 19 bids, including best drama series.

    July 10, 2014 1 Photo

  • MET 033114 GREG ZOELLER MUG.jpg GREG ZOELLER: State’s lawyer has duty to represent state in marriage lawsuit appeal

    Recent federal court actions that first struck down Indiana’s statute limiting marriage to the traditional definition, and then stayed that order pending appeal, have left many in our state in legal limbo.

    July 3, 2014 1 Photo

  • Judge strikes down Kentucky's gay marriage ban

    LOUISVILLE, Ky. (AP) — A federal judge in Kentucky struck down the state's ban on gay marriage on Tuesday, though the ruling was temporarily put on hold and it was not immediately clear when same-sex couples could be issued marriage licenses

    July 1, 2014

  • APTOPIX Gay Marriage _Morg.jpg ACROSS INDIANA: The latest news after gay marriage ruling

    Pence: Marriage should be a state-by-state choice

    GOP leader: Supreme Court must act on marriage

    Some counties wait to issue gay marriage licenses

    Gay marriage opponents say they 'warned' of ruling

    Same-sex couples in Indiana hail equal treatment

    Indiana AG says it will appeal gay marriage ruling

    Judge strikes down Indiana ban on gay marriage

    1st gay couple marries legally in Indianapolis

    June 25, 2014 3 Photos 1 Story

  • Obama_Morg.jpg Obama: U.S. should have paid maternity leave

    WASHINGTON (AP) — President Barack Obama said Monday that the United States should join the rest of the industrialized world and offer paid leave for mothers of newborns.

    June 25, 2014 1 Photo

  • Obit-Ruby Dee_Ter .jpg Daughter: Actress Ruby Dee dies at home of 'natural causes'

    NEW YORK (AP) — Ruby Dee, an acclaimed actor and civil rights activist whose versatile career spanned stage, radio television and film, has died at age 91, according to her daughter.

    June 12, 2014 1 Photo

  • Mosaic Potholes _Ter .jpg Chicago man filling potholes — artfully

    The perfect pothole might not exist for many people — but for mosaic artist Jim Bachor, it’s one with a nice oval shape. Bachor began filling those potholes a little more than a year ago, after one in front of his house became a hassle.

    June 12, 2014 3 Photos

  • Staten Island Fire _Ter .jpg 34 injured in Staten Island fire

    NEW YORK (AP) — Fire tore through three townhouses on Staten Island early today, injuring 34 people including two young children who were tossed out of a smoke-filled second-floor window into the arms of neighbors below, authorities and witnesses said.

    June 5, 2014 3 Photos

  • Germany Van Gogh~s Ea_Ter .jpg German museum shows live replica of van Gogh’s ear

    BERLIN (AP) — A German museum has put on display a copy of Vincent van Gogh’s ear that was grown using some of the Dutch artist’s genetic material.

    June 3, 2014 1 Photo

  • Heat Pacers Basketball Pacers keep hope alive with win over Heat

    Paul George and the Pacers got one win Wednesday night.
    Now comes the hard part: Winning an elimination game at Miami against LeBron James and the Heat.

    May 29, 2014 1 Photo

  • MET 050414 PINK SHADOW.jpg Awareness advocates gather to ‘Paint the Town Pink’

    Pink.
    It is the color of the ribbon painted on the pavement at the corner of Sixth Street and Wabash Avenue in downtown Terre Haute. It’s also the color associated with women and breast cancer.

    May 4, 2014 4 Photos

  • MERS Virus American_Tayl.jpg MERS-CoV: Mysterious virus found in Indiana

    Health officials on Friday confirmed the first case of an American infected with a mysterious virus that has sickened hundreds in the Middle East.

    May 2, 2014 1 Photo

  • MET 041314 PAINT PARTY.jpg Going purple: ‘Honoring those who are still fighting’ against cancer

    Every stroke of paint that touched the roadway had a profound meaning to a small group of painters on Sunday.

    April 13, 2014 4 Photos

  • Ukraine_Ter .jpg 10 Things to Know for Tuesday

    Your daily look at late-breaking news, upcoming events and the stories that will be talked about today, April 8:

    April 8, 2014 1 Photo

  • NCAA Kentucky UConn F_Tayl.jpg UConn wins NCAA title, 60-54, over Kentucky

    No conference wanted them. Several teammates and their coach left them. The NCAA wouldn’t have them.
    UConn won it all anyway.

    April 7, 2014 1 Photo

  • TV-Letterman Retiring_Ter .jpg Letterman’s departure will reshape late-night

    NEW YORK (AP) — Jimmy Fallon’s fast start replacing Jay Leno on the “Tonight” show the past two months had a secondary effect: David Letterman suddenly seemed old.

    April 4, 2014 1 Photo

  • Colts Owner Arrested _Ter .jpg Police: Colts owner had $29K in cash when arrested

    CARMEL, Ind. (AP) — Indianapolis Colts owner Jim Irsay had $29,000 in cash and bottles of prescription drugs in his vehicle when he was arrested on suspicion of intoxicated driving, according to a police arrest report.

    March 27, 2014 1 Photo

  • Malaysia Plane_Ter .jpg UPDATE: Relatives sob as Malaysia confirms plane is lost

    BEIJING (AP) — Relatives shrieked and sobbed uncontrollably. Men and women nearly collapsed, held up by loved ones. Their grief came pouring out after 17 days of waiting for definitive word on the fate of the passengers and crew of the missing Malaysia Airlines jet.

    March 24, 2014 1 Photo

  • APTOPIX Chicago Train_Ter .jpg Train derails, climbs escalator at Chicago airport

    CHICAGO (AP) — An eight-car Chicago commuter train plowed across a platform and scaled an escalator at an underground station at one of the nation’s busiest airports early today, injuring 32 people on board, officials said.

    March 24, 2014 1 Photo

  • Snohomish Mudslide_Ter .jpg 10 Things to Know for Monday

    Your daily look at late-breaking news, upcoming events and the stories that will be talked about today, March 24:

    March 24, 2014 1 Photo

  • NYC Explosion_Ter .jpg Searchers scour rubble after blast kills 7

    NEW YORK (AP) — Rescuers working amid gusty winds, cold temperatures and billowing smoke pulled four additional bodies overnight from the rubble of two Manhattan apartment buildings, as the death toll rose today, to at least seven from a gas leak-triggered explosion.

    March 13, 2014 1 Photo

  • Film Casting Jesus_Ter .jpg 10 Things to Know for Friday

    Your daily look at late-breaking news, upcoming events and the stories that will be talked about today, March 7:

    March 7, 2014 1 Photo

  • US Obama Ukraine Russ_Ter .jpg 10 Things to Know for Tuesday

    Your daily look at late-breaking news, upcoming events and the stories that will be talked about today, March 4:

    March 4, 2014 1 Photo

  • 86th Academy Awards -_Ter (2).jpg ‘12 Years a Slave’ wins best picture at Oscars

    LOS ANGELES (AP) — Perhaps atoning for past sins, Hollywood named the brutal, unshrinking historical drama “12 Years a Slave” best picture at the 86th annual Academy Awards.

    March 3, 2014 2 Photos

  • MET030114swope shaffer.jpg VIDEO: Mardi Gras at the Swope

    Teresa Shaffer was handing out beads and masks at the Swope Art Museum's Mardi Gras celebration Saturday night. The event is an annual fundraiser for the downtown museum.

    March 1, 2014 2 Photos 1 Video

  • Married Priest_Ter .jpg 10 Things to Know for Friday

    Your daily look at late-breaking news, upcoming events and the stories that will be talked about today, Feb. 28:

    February 28, 2014 1 Photo

  • Planet Bonanza_Ter .jpg 10 Things to Know for Thursday

    Your daily look at late-breaking news, upcoming events and the stories that will be talked about today, Feb. 27:

    February 27, 2014 1 Photo

  • Backyard Gold Bonanza_Ter .jpg 10 Things to Know for Wednesday

    Your daily look at late-breaking news, upcoming events and the stories that will be talked about today, Feb. 26:

    February 26, 2014 1 Photo

  • Obit Ramis_Ter .jpg 10 Things to Know for Tuesday

    Harold Ramis, creator of comedy classics, dies at 69. The writer-director-actor created a hugely influential body of work, including such films as “Caddyshack,” “National Lampoon’s Animal House,” “Ghostbusters” and “Groundhog Day.”

    February 25, 2014 1 Photo

  • Nets Lakers Basketbal_Ter .jpg 10 Things to Know for Monday

    Your daily look at late-breaking news, upcoming events and the stories that will be talked about today, Feb. 24:

    February 24, 2014 1 Photo

Latest News
TribStar.com Poll
AP Video
Police: Prostitute Linked to 2nd Death Chimp-attack Victim Lobbies Congress Obama Responds to Hecklers on Immigration FIFA Rejects Suarez Appeal Against Biting Ban Kim Kardashian Hits Up Valentino Show in Paris Police: Prostitute Accused in Overdose Death Israeli-Palestinian Tensions, Attacks Escalate World Cup Final Pits Argentina Against Germany Four Kids, Two Adults Shot Dead Near Houston Raw: Obama Shoots Pool in Denver Art of Haitian Machete Fighting Revived Neighbors Mourn Killing of Texas Family Thousands Attend NYC Firefighter's Funeral World's Tallest Water Slide: See It for Yourself Obama Talks Economy, Slams Republicans Robots Gearing Up for Their Own 'World Cup' Fans Dying to Be Near Jazz Greats Connecticut Boy Dies Inside Parked Car 'Game of Thrones' Leads Emmy Nominees Raw: Truck Crash Spills Turkeys on Va. Highway
NDN Video
Tiny Hamsters Who Ate Burritos are Back for a Tiny Hedgehog's Party Watch Kelly Ripa Get Soaked! 'Referee' Hands Out Yellow Cards for Social Faux Pas in NYC 2014 Emmy Nominees: 8 Snub Shockers Emma Watson Is Va-Va-Voom in Valentino 7 Infamous Sports Blowouts Argentina tops Holland in World Cup semifinals News flush: Japanese toilet exhibition making a splash Emmy Nominations: What to Watch For 'Game of Thrones' Leads 66th Emmy Awards Nominations Photographic 'Proof' That LeBron Is Leaving Miami - @TheBuzzeronFOX Elephant Pool Party at The Oregon Zoo Must-See! Berry and Fallon Form Human Hamster Wheel Pilot buys pizzas for travelers delayed by storm Klose nets record, Germany rout Brazil 7-1 'Purrmanently Sad Cat' Looks Adorably Sad All the Time Pharrell 'humbled' by success of mega-hit 'Happy' Day After: Brazil Reeling in WC Loss Jennifer Lawrence Facepalms Emma Watson Athletes Bare All for ESPN Magazine's Body Issue
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
  • -

     

    March 12, 2010

activity