Fannie Mae will buy 97% LTV mortgages

Fannie Mae will buy 97% LTV mortgages

Credit improvements lead to mortgage product

MBA leaders challenge federal regulators to take action

MBA: It's time for the penalty phase to end

5 things you absolutely need for the MBA convention in Las Vegas

Every one of these is totally necessary
W S
Lending / The Ticker

CHART: Home price growth over next 12 months

NAR predicts modest growth

Spring House
/ Print / Reprints /
| Share More
/ Text Size+

While home prices are still increasing, the pace has significantly slowed, hitting a 21-month low in July.

The National Association of Realtors projects home prices to increase over the next twelve months, with the median expected price increase at 3.4%.  

The pace varies across the nation, but the reasons behind the slowdown remain the same: difficulty to obtain a mortgage and a weak job recovery.

This map from NAR shows just how much home prices are expected to grow over the next year.

(Source NAR, click for larger image)

NAR

Source: NAR
Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus