The balance of power in the housing market is continuing its tilt back to buyers - and that could spell a surge in home sales in 
the coming months. Chief Economist Nela Richardson notes two ongoing trends indicating a shift to a more balanced market as the nation heads into fall: a slowdown in home price growth and a transfer in pricing power away from sellers. The median sales price of homes sold in the major metros the company tracks, marking the first time in five months that price growth was essentially flat, Richardson said. "We ... expect prices to continue to flatten, and to potentially decline month over month in September or October," she added. "If that happens, it will be the first three-month price decline since the fall 2012.' read more
the coming months. Chief Economist Nela Richardson notes two ongoing trends indicating a shift to a more balanced market as the nation heads into fall: a slowdown in home price growth and a transfer in pricing power away from sellers. The median sales price of homes sold in the major metros the company tracks, marking the first time in five months that price growth was essentially flat, Richardson said. "We ... expect prices to continue to flatten, and to potentially decline month over month in September or October," she added. "If that happens, it will be the first three-month price decline since the fall 2012.' read more
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