Saturday, August 3, 2013

Rapid Price Appreciation May Soon Curb

Rapid Price Appreciation May Soon Curb
After a 10.2 percent rise in home prices in the first quarter of 2013, expect price appreciation to decelerate in 2014, 
CoreLogic predicts that rising home prices and mortgage interest rates, as well as a more balanced inventory of homes for-sale, will cause home prices to even out more next year. 
However, the price rise isn’t over yet. 'Record levels of affordability, a slowly improving job market, and very small inventories of new and existing homes for sale will continue to drive U.S. home price appreciation during the summer,' says David Stiff, chief economist for CoreLogic Case-Shiller. Home prices rose 'Near Five-Year High' Case-Shiller Indices: Home prices rose to their highest levels in almost five years in May,

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