Research Briefs

Market taps the brakes, slightly

Submitted by lusk-admin on

First-quarter home prices rise but at a calmer pace than last year. Buyers' urgent desire to beat interest rate hikes fuels demand.

Raphael Bostic, an economist with USC's Lusk Center for Real Estate, conservatively estimates that home price appreciation could end up at 5% to 7% by year's end.

The California Assn.