Home Prices on the Rise

Are double-digit gains in home prices gone? CoreLogic anticipates a substantial deceleration in home price gains this year. In fact, the firm predicts home price gains will fall just below the long-term historical norm of 4.5 percent appreciation annually, which has been maintained since 1975. The lessening in price increase may be due to decreased investor demand and the dissipation of REO inventory. Housing still remains affordable which should stave off concern of a bubble.

Please share your comments below and for the full article follow this link.