Home prices rising at slower rate
Local and national industry insiders say prices continue increasing, just not nearly as quickly as several months ago.
JACKSONVILLE, Fla — The fire isn’t out, it’s just that the real estate market isn’t burning quite as hot lately.
Nevertheless, Ali Wolf, chief economist at real estate research firm Zonda Home, is using a heat reference to describe recent conditions.
“The way we’re describing it is really that the fever broke,” Wolf said in a recent interview, referring to the escalating home prices that have benefited sellers but pushed hopeful buyers out of the market.
“In June the housing market started to behave a…