Home Price Appreciation Has Peaked -Poll
May 30 2014, 12:18PM
In a poll of 31 property analysts Reuters news agency found consensus that the growth of house prices in the U.S. has peaked and that further increases over the next two years will be more restrained. The analysts’ predictions centered on a median 7.5 percent increase this year and a gain of only 4.0 percent by 2016.
Reuters says this is a significant slowdown from the 12.4 percent jump in home values over the 12 months ended in March that was recently reported by the S&P/Case Shiller 20-City Composite Index. The rate of increase has recently slowed from that which occurred in the earlier months of that timeline. – Mortgage News Daily