DOUBLE-DIGIT APPRECIATION
EXPECTED TO COME TO AN END
BY 2014
National home prices
After taking a break in the Case-Shiller. Currently,
were up 10.1 percent
summer, home price growth prices are rising in
year-over-year in the
almost 90 percent of the
got back up to strength
second quarter, but price
nation's metro areas,
in September, DataQuick
appreciation is expected
according to Stiff. He
to fall out of the doublealso points out that
reports, with prices rising
digits, reaching 5.4
in all 42 counties tracked by prices are rising in all
percent by the beginning
of the nation's metros
the company on a monthly, where population is
of next year, according to
quarterly, and yearly basis. more than 1 million.
the CoreLogic CaseShiller Home Price
"The strongest
Indexes.
growth continues to
Home price appreciation will continue to
be recorded in cities that were at the center of
occur but will drop off even further moving
the housing bubble, but investor demand in
forward, CoreLogic says. The company's
those markets appears to be waning, meaning
national index predicts prices will rise 3.4
rapid rates of price appreciation are likely
percent over the next five years.
unsustainable," Stiff said.
"Combined with increased housing
CoreLogic notes first-time and trade-up
construction, expected increases in existing
buyers are starting to increase their roles in the
inventories should restrain price appreciation
market, albeit slowly, while investor demand
even if demand remains strong," said David
is waning as fewer distressed homes are listed
Stiff, principal economist for CoreLogic
for sale.
42
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