There are three basic ways to increase the desire for housing: an upturn in economic activity, an increase in population and generally low interest rates. And despite those low interest rates, it is harder to qualify for a loan. In our area’s more suburban markets, the current sub-4 percent appreciation rates align with historic norms. And we know that eventually mortgage interest rates will climb, and that will ease some of the upper pressure on home prices. The inevitable market adjustment will come in the form of lower appreciation rates, not a drop in prices.

Source: Washington Post September 11, 2017 12:56 UTC