With buyers reaching their maximum capacity for affordability and becoming fatigued through the competitive home-sale process, it's not surprising that the latest home-price gains data has slowed, according to the recent S&P CoreLogic Case-Shiller Index.
"Overall, we are seeing home prices start to normalize after record growth and expect the trend to continue at a more stable growth rate of 2% to 5% per year over the next few years based on industry forecasts," Denise Mitchell, MBA, Realtor Century 21 Discovery, tells GlobeSt.com.
"This more balanced market will help us to deliver a better experience for buyers while sellers are still enjoying strong prices."
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