Home price appreciation starting to slow down

Home price appreciation continues to increase at a much higher than normal pace, although the rate of growth has been slowing since the summer.

Median home values increased by 6.5% in October, the 15th consecutive month the rate has been above 6%, according to Zillow. However since peaking at 7.3% in May, the rate of appreciation has been down or flat in the succeeding months. The median value increased by 6.7% in September and 6.5% in October 2016.

Read the source article at National Mortgage News