
MarketWatch reports that housing prices have increased, but there isn’t a real estate bubble. Home prices are expected to level off.
Home prices increased 12.2% from February 2013 to February 2014, marking the 24th consecutive month of year-over-year growth, according to the most recent CoreLogic Home Price Index Report. That trend is expected to continue, with a 10.5% year-over-year increase projected for March. There was also a slight month-to-month increase of 0.8% from January to February.
In the report, Mark Fleming, chief economist at CoreLogic, puts the data in perspective: “Although prices should remain strong in the near term due to a short supply of homes on the market, price increases should moderate over the next year as home equity releases pent-up supply.”
Read the MarketWatch report: No real estate bubble here: home prices to level off.

The Marimark Mortgage Newsletter will keep you informed with important events in the mortgage industry that could impact your finances.
We especially focus on ways to save money on your current and future mortgages. And, we continually share the information we share with our clients, because we believe informed consumers are the best consumers.
Real estate agents, and other professionals in the industry, will receive an ongoing wealth of information that will help them serve their clients.