"I think where we are right now we are still OK, but a year from now — another year like this — that is not OK," said Richard Green, director of USC's Lusk Center for Real Estate.
By late fall or early winter, the year-over-year price increases should ease as monthly numbers are compared with a period of more robust growth, Green said. Also, rising mortgage interest rates and a lack of strong wage growth should put the brakes on price hikes, he said.