Homes Sales still Strong but Appreciation Slows

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Posted To: MND NewsWire

The National Association of Realtors® (NAR) is calling the third quarter of 2015 unquestionably the best quarter for the housing market in a decade. Existing home sales and the continuing shortages of product kept home prices rising in most of the country. Still, overall price appreciation did slow to what NAR calls a healthier pace. The median existing single-family home price increased in 154 of the 178 metropolitan statistical areas (MSAs) tracked by the association (87 percent) compared to median prices in the third quarter of 2014. Twenty-four MSAs (13 percent) recorded an annual decline. In the second quarter 93 percent of metro areas saw median price increases. The size of the gains also moderated . In the second quarter 34 MSAs posted double digit increases but only 21 did so in...(read more)

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Source: http://www.mortgagenewsdaily.com/11122015_metro_home_prices_sales.asp

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