Slowing price appreciation sign of recovery, expert says

RealtyTracs’s Daren Blomquist tells Realtor Mag that despite a nationwide home price increase, price appreciation in most markets in the country are slowing down.

He further explains that the slowing down is “another sign that the real estate recovery thus far is behaving rationally.” RealtyTrac data indicates 6 percent of markets see moderate home prices, with the median price of residential properties – both distressed and non-distressed sales – at $191,000, up 3 percent in July from the previous month and up 12 percent year-over-year.

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