Dive Brief:
- House prices, both existing and new construction, had begun climbing steeply but recently have risen more slowly.
- Potential buyers appear to be getting skittish, fearing of getting caught in another bubble.
- Economists at Trulia and the National of Association of Realtors say the slowing of the increases is exactly what buyers should want.
Dive Insight:
It seems that the same phenomenon is housing prices recently is worrying consumers and pleasing housing-market professionals – at least the economists. Since everyone knew housing prices could never fall, until they did, buyers who were getting back into home-buying got nervous about anything even hinting of a slowdown. Economists say it's a good thing so those same buyers need not fear a bubble and home prices don't get ahead of themselves again.
