Home values rose 1.1% in October and gained 4.7% on a Y/Y basis, according to Zillow. It's the...

|By:, SA News Editor

Home values rose 1.1% in October and gained 4.7% on a Y/Y basis, according to Zillow. It's the 12th consecutive month of gains and the largest monthly pop since August 2005. "Skeptics will point to the large role that investors are playing ... of the large number of foreclosures yet to hit the market," says Stan Humphries, but homes are very affordable and buyers are taking advantage.