More evidence we are heading towards a normal real estate market.
Home prices as measured by the Federal Housing Finance Agency showed a small increase in July, but monthly figures show a definite slowing in the rate of price increases.
Nation wide, home prices rose an estimated 4.4 percent from July 2013 through the end of July 014.The highest positive year-over-year change was in the Pacific division (Hawaii, Alaska, Washington, Oregon, California) which posted a 7.2 percent increase from July 2013. The index for that region, however was unchanged from June to July. Prices actually fell by 0.3 percent in some regions.
