Home prices continued to rise last year, but they're slowing down from their post-recession pace.
That trend, plus rising interest rates, is leading some lenders to believe this year will show only modest gains in purchase mortgage originations.
Prices rose in 2017 in all but five of the 112 metro areas examined by ATTOM Data Solutions in a housing report released by the Los Angeles company Feb. 1, but in 77 cities the 2017 increase was smaller than the average yearly increase from 2012 to 2016.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
