Study Finds: Home prices continue to appreciate nationwide, even amid rising borrowing costs due to an increase in mortgage rates. However, home prices may be showing some signs of slowing in the coming months, according to 2 housing reports released Tuesday.
Home prices nationwide rose 12.4 percent year over year in July, according to the latest report by CoreLogic. That marks the 17th consecutive month of growth in homeprices. Home prices have rebounded so rapidly that RealtyTracis reporting 8.3 million borrowers who’ve been underwater are on track to have enough equity to sell their home within the next 15 months-without resorting to a short sale. Metro markets that boast the highest percentage of homes with resurfacing equity. See Markets
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