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CHART: Home price growth over next 12 months

NAR predicts modest growth

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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
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