Home Prices Rise expected to Slow

CoreLogic reports house prices rose +0.9 percent in August, which was half of the July pace. Attributing the slowdown to seasonality and the recent rise in mortgage rates, CEO Anand Nallathambi says, “We anticipate moderate gains in home prices over the balance of this year, supported by the recent downward trend in rates and continued tight supplies of homes in many markets.” The property information vendor anticipates home prices will increase 0.2 percent from Aug. to Sept. As nationalmortgagenews informs MHProNews, home prices are up 12.4 percent from Aug. 2012.

(Image credit: Joshua Scott/CNNMoney)

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