On balance, more areas are growing than not. Texas, southern California and south Florida are all particularly strong. Declines are largely concentrated in the northwest and southeast.
But Klinge warns the trend will not continue:
…the strong investor demand for foreclosed properties, record levels of housing affordability and other demand factors that have driven recent double-digit price gains are unlikely to persist throughout the year.
Check it out:
Mortgage News Daily
Business Insider Emails & Alerts
Site highlights each day to your inbox.