Home value declines experienced during the recession have been, or are close to being, erased in nearly 20% of metro housing markets nationwide, according to Zillow Real Estate Market Reports first quarter assessment.

Nationally, home values climbed 5.7% year-over year in the first quarter to $169,800. Values rose 0.5% in the first quarter compared with the fourth quarter, the ninth straight quarter of increasing values, and they are expected to rise another 3.3% through the first quarter of 2015, according to a Zillow forecast.

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