Slowing Home Price Appreciation
No real surprise here – after a sharp bounce back off the bottom, particularly in core markets, home prices appear to be leveling off. Overall, this is probably not bad news, indicating that housing could be entering a period of stability after some volatility over the past few years. The spillover effect of this leveling on the land market could mean a stabilization in land prices, as well, which have been somewhat of a moving target so far during this recovery. \
About author
You might also like
California Needs to Build a Staggering Nmber of Homes
It’s no secret that California is grappling with a housing shortage, but a new report quantifies how serious the problem is. Developers are building an average of 80,000 new California
Los Angeles Housing Market Continues to Show Strength
Housing prices in greater Los Angeles rose 4.8% from the prior quarter while sales improved by 6.5% with houses staying on the market an average of five days. The median
Obama Cuts Mortgage Insurance Rates
In a move that is intended to help nudge the housing recovery along, the Obama Administration lowers FHA mortgage insurance rates from .85% to .5%. The White House anticipates that
