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by CareyBot

Despite some signs of market stabilization, home values continued to fall across the country in the first quarter, according to a report by property valuation and marketing site Zillow. This is the 13th straight quarter that has seen home values drop year-over-year. Zillow's Home Value Index, which tracks the site's median home-value estimates nationwide, dipped 3.8 percent from the first quarter of 2009 and 1 percent from the fourth quarter, to $183,700, the report said. About 66 percent of homes saw their value decrease nationwide. Zillow's chief economist, Stan Humphries, said in a statement that he suspects the federal homebuyer tax credits -- which expired on April 30 -- pulled home sales that would otherwise have happened over the summer forward, instead of creat...