We recently came across this article on usatoday.com:
http://www.usatoday.com/story/money/business/2013/08/06/home-prices-rise-in-june/2620441/
While prices rising may always seem like a good thing, a slight slowing from the above average increases we’ve seen lately is good.
When prices increase too fast, it makes homes less affordable for buyers, plus when prices increase and the market is stronger, interest rates have a tendency to rise, which again, makes affordability less for some buyers.
Appreciation and price increases are good…at the correct pace. With rates ticking up and large-scale investors taking a breather from their recent buying frenzy, price increases should start to level out at a more realistic pace over the next few months.
What do you think?