How Soon Will Price Growth Slow?
Home price growth will start to slow soon, but it may not happen as quickly as buyers hoping to buy this summer would like. — realtor.com Chief Economist
Seasonally, we’re at the point in the year where we tend to see peak home prices, says Danielle Hale, Realtor.com chief economist. “There are a variety of reasons for this, including the fact that a lot of the homes for sale and sold at this time of year are larger, family homes,” says Hale. What’s more, she says while listing prices have shown acceleration or a faster rate of growth, in recent weeks, sales prices have seen steadiness or slight easing in momentum. “This suggests that home prices could be at a bit of a turning point, in which slower growth is on the horizon,” according to Hale.
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