There are lots of adjustments taking place in housing markets across the country. Everything from lender regulation, consumer confidence, investors tapering purchases, local economics, and rising home prices have forced participants to continually adjust to a market that has been anything but stable.
Following more than three years of recovery, the mid-tier price sector now offers home buyers the best deals, relative to peak values. After 32.2 percent growth from the trough in 2011, low tier deals appear to be played out compared to mid-tier deals, with prices still 30.6 percent off of peak values. The strong rebound in the low tier price sector left homes, on average just 21.5 percent below peak values.
Real estate is local again. Generally speaking, price growth stabilizing should continue throughout 2015.
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