Home Price Increase Slows

According to the Federal Housing Agencies House Price Index, home prices are still rising but have begun to slow down significantly. In May, home prices increased 0.4% from a month earlier, while from May 2013 to May 2014 home prices jumped 5.5%. May marked the 26th consecutive month home prices have grown. CoreLogic’s Deputy Chief Economist Sam Khater said, “it is well known that higher-end home sales activity has been strong over the last two years, however, recently there’s been a shift, from both directions. Not only have higher-end home sales themselves started to weaken over the last few months, but the weakness in the lower-end segment is expanding into the upper-middle segments of the price distribution.” More here

Leave a Reply

Your email address will not be published. Required fields are marked *