U.S. home values tread water in Q3 (CHARTS)

Zillow: Home values expected to hit bottom in 2012

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U.S. home values were virtually flat in the third quarter compared to the second quarter, though they fell on a year-over-year basis, according to the latest quarterly report from property valuation site Zillow.

Nationally, home values dipped 0.2 percent in the third quarter from the previous quarter, and declined 4.4 percent from third-quarter 2010, to $171,500. That represents a 28.8 percent decline from a June 2006 peak.