U.S. home values were up 0.5 percent from February to March but, at $146,200, the national median home value was still down 0.5 percent quarter to quarter and 3.1 percent from a year ago, according to estimates generated by real estate information portal Zillow.

Zillow estimates that national home values are back at 2003 levels, or 24.6 percent below the May 2007 peak of $193,800.

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