Nationwide’s latest Health of Housing Markets Report (HoHM Report) found that house price appreciation is slowing, mostly in response to higher mortgage rates.
For the first time in a year, the report’s proprietary Leading Index of Healthy Housing Markets (LIHHM) is forecasting a positive outlook for the national housing market.
“The last few years have been difficult for homebuyers,” said David Berson, Nationwide senior vice president and chief economist. “From unsustainably rapid price gains to higher mortgage rates to tight supplies of homes for sale, it’s been an increasingly difficult time to buy a home. But, with slower house price increases and recent declines in mortgage rates, coupled with a still solid job market and rising wages, the spring homebuying season looks pretty positive.”
Source: Florida Realtors