Home Price Appreciation Reached Normal Rates In June

The inventory constraints is due to homeowners waiting to list their properties until the economy shows more improvement and prices climb higher. For the moment, price appreciation is still moving at a slower pace compared to the start of the housing recovery. “Home price appreciation continued moderating in June with its slight month-over-month increase,” said CoreLogic Chief Economist Mark Fleming. “This reversion to normality that we are finally experiencing is expected to continue across the country and should further alleviate concern over diminishing affordability and the risk of another asset bubble.” Rising inventory is slowing price appreciation Matthew Pointon of Capital Economics said the flat month-over-month price gains of the past few months are the result of more available properties on the market, according to Business Insider. http://www.prweb.com/releases/2014/08/prweb12084334.htm


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