Real Estate News

Though the growth in national median home prices slowed in the second quarter of this year, it’s a sign that the market is returning to more sustainable levels, according to the latest quarterly report. The slowdown in home-price appreciation should ultimately benefit buyers and sellers, says Lawrence Yun, NAR’s chief economist…. “At this slower but healthier rate, home owners can continue steadily building equity,” Yun says. “Meanwhile, for buyers, increased supply with moderate price gains is giving them better opportunities to choose.”….“The improving economy and lower interest rates are increasing the pool of interested buyers,” he says…. However, despite an improving economy, competition among buyers is still tight and all-cash offers are still common.

Spring was the healthiest market in three years according to Realtor.com. Inventories and prices are rising nationwide. July’s year over year increases were 2.3% and 7.5% respectively with the momentum expected to continue through the end of the year. The U.S. economy grew at 4.2% in the second quarter