Already have an account? log in
This article is FREE for you
Create a free account and join institutional investors, analysts and strategists from the world's largest banks
By submitting your email address you agree to receive communication by email
Blistering Pace Of US Home Price Gains Seen Out Of Gas
The rate of US home price appreciation is slowing, data out Tuesday showed.
Of course, "slow" is st
OR, subscribe now for unlimited access
By submitting your email address you agree to receive communication by email
By submitting your email address you agree to receive communication by email
Without an actual home price decline in certain desirable markets, many got priced out of home ownership for the time being. The rug underneath them got pulled so quickly so they are now vulnerable and scrambling to figure out their alternative housing situation.
If their current leases are expiring soon, without that home they dreamed of under contract, they are now facing higher rents- and it does not feel great to sign a one year lease at a high rate, hoping (and praying) that home prices come down enough in the forward 12 months to make that decision look like a financially good one.
The alternative is just to “over pay”, if that is even a possibility.