Home Prices Due to Stabilize

CoreLogic, the company that maintains the data for many of the country's Multiple Listing Service(s) predicts that increases in home prices are stating to slow. The analysis predicts that prices will stop rising as quickly in 2014 as an increase in mortgage interest rates make demand and supply more balanced. As more homeowners consider selling to lock in capital gains, upward price pressure will subside.

In some markets they are predicted to drop. In our Tampa Bay market, they predict by first quarter of 2014, the prices will have increased only 2.6%.

This is good news for potential buyers. For seller's it means that sitting on the fence and waiting for prices to increase a great deal more may not be the best course of action.