The Z Report Points to Further Deceleration in Home Price Appreciation
April 15, 2019
The latest survey data from The Z Report suggests further deceleration in home price appreciation is likely over the next six months.
According to the report, published bi-weekly by the research firm Zelman & Associates, existing home prices in January 2019 were only 4.6 percent higher than in January 2018, representing the lowest rate of appreciation since September 2012.
From The Z Report:
Although lower mortgage rates of late should alleviate some of the price pressures on sellers, we believe our survey data strongly support that further deceleration is probable before any hope of reacceleration can be considered.
Still, the pullback in mortgage rates and moderation in price appreciation appears to have had a positive impact on homebuyer affordability and confidence, with survey respondents reporting a spurt in order activity this year.
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