Home sales are improving without a major uptick in mortgage applications, but prices could slow in the second half as the economy battles other negative indicators, Capital Economics said Thursday.
The economy’s overall slowdown is likely “to take some of the wind out of the improvement in housing demand,” said Paul Diggle, property economist for the research firm.
Diggle said annualized price growth over the past three months is up 6.2% and 9%, based on S&P Case-Shiller and CoreLogic ($19.91 -0.19%) research, respectively.
Read More: Home sales improving, but could slow: Capital Economics
Travis Saxton is the marketing and technology manager at REAL Trends. Prior to operating this arm for REAL Trends, Travis was the director of online services for a newspaper consulting company. He greatly enjoys working with real estate companies adapt new cutting edge strategies and perfecting their online presence and systems. He has experience in the following areas: Websites, SEO/SEM, CRM/Lead Generation Systems, Traditional Marketing and Social Media Marketing, Real Estate Technology Consulting.