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BOCA RATON, FL—Property appreciation is slowing in housing markets across the country as upward pressure on the demand for homeownership declines, according to the latest national index produced quarterly by Florida Atlantic University and Florida International University faculty.
"Unraveling our model, we see that property price appreciation is decelerating in most of our measured 23 markets," said Eli Beracha, a real estate professor in the Hollo School of Real Estate at FIU and one of the creators of the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index. "Looking back over the past few quarters, we see slowing property appreciation, which suggests that the rapid property appreciation witnessed in recent quarters is almost certainly over."
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