Supply and demandOverall, home prices continue to rise in the U.S., although the pace of gains has slowed a bit recently. The S&P/Case-Shiller National Home Price Index rose 6.2% in June from a year earlier, and increased about 1% from the previous month, according to data released Tuesday. One reason home-price gains are cooling is that more sellers are placing their homes on the market, reports Ruth Mantell for MarketWatch.
"The evidence suggests that house prices are leveling off following the sharp increases of 2013, with the improved supply we have seen in recent existing home sale figures putting a cap on price pressures, and demand still below last year's peaks," said Andrew Grantham, an economist at CIBC World Markets, in the article.The inventory of homes for sale looks tight by historical measures, but supply has been rising in recent months. More supply and easing price growth will give buyers more of an edge.