Sentences with phrase «normal appreciation rate»
«The pace of home value appreciation we experienced during much of last year was not sustainable, and a slow glide path down to a more normal appreciation rate has been expected for some time,» says Terrazas.
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«The market should continue its slow march back to normal, as annual (price) appreciation rates fall to more sustainable levels around 3 percent,» said Stan Humphries, chief economist at real estate data provider Zillow.
«Demand and prices had been increasing at unsustainable rates,» says Larry Seay, chief financial officer of Meritage Homes Corp. «It is good for the industry to take a little breather, let the land market moderate, and get to a more normal rate of growth and house - price appreciation.»
But the level of price appreciation is above a normal rate, mostly due to an imbalance in the number of homes for - sale and high demand.
In other words, price growth is slowing to a more «normal» rate of appreciation.
The latest readings reflect a slow but steady march toward historically normal appreciation and interest rates, producing an HOI typical of the period before the mid-2000s boom.