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Panelists Forecast 22% Home Value Growth by End of 2017

If projections hold out, home values will rise 22 percent cumulatively by the end of 2017, according to Zillow's first-quarter Home Price Expectations Survey. On average, the panel forecasts price growth of 4.6 percent in 2013 and 4.2 percent in 2014. More moderate growth is expected after that, with annual appreciation rates between 3.6 percent and 3.8 percent for 2015, 2016, and 2017, leading to an average 4.1 percent growth annually for the next five years.

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Zillow: Nearly 1 in 3 Homeowners Clear of Mortgage Debt, Value Biggest Factor

Nearly one-third--29.3 percent, or 20.6 million--of homeowners own their homes free and clear of mortgage debt, according to a recent analysis from Zillow. Zillow also revealed what factors might influence the percentage of homeowners who own their home outright in certain areas. For one, metro areas with lower home values tended to have a higher rate of mortgage-free homeowners since smaller loan amounts can be paid off more quickly. Age and credit rating were also contributing factors.

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