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US home values notch biggest rise since 2005

US$1.9 trillion jump reflects property market's rebound from recession

Back in business: The total value of the nation's housing stock jumped about 7.9 per cent from 2012, the second straight annual increase, according to the Zillow report. - PHOTO: BLOOMBERG

[BOSTON] US homes gained US$1.9 trillion in total value this year, the biggest jump since 2005, as the real estate market rebounds from the recession, Zillow said. At the end of 2013, the housing stock will be worth about US$25.7 trillion, it said yesterday in a statement. US homes as a whole