"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 Stan Humphries, chief economist at Seattle-based Zillow, which measures home values.


Zillow's index is a measure of the value of single-family residences, condominiums and units in housing cooperatives, regardless of whether those homes sold within a given period. The index is calculated using Zillow's method for estimating home values in a given geographic area on a given day. The index is based on data from more than 80 million homes, Zillow says.

Great; now the 30% of people sitting on the sidelines "waiting for the market to turn" (according to a Zillow survey a couple years ago) can all rush to dump their properties.

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