“We are starting to see a changing tide in the housing market,” Trulia Senior Economist Cheryl Young told FOX Business’ Stuart VarneyOpens a New Window. on Thursday. “We are starting to see home price growth slowing – it’s not going down, it’s slowing but that’s a change from the past few years.”
For three consecutive months, annual home price gains have slowed across the United States, data from the latest S&P CoreLogic Case-Shiller Home Price Index showed. According to Young, it’s becoming a buyer’s market.
“We are starting to see home sales slow down and drop,” she said. “So things are starting to move a little bit more towards buyers than sellers. “