According to the NAHB, numbers released by the Federal Housing Finance Agency (FHFA) show a normalizing house price growth.
The NAHB says that the “gap between the growth rates of low-tier and high-tier home prices have shrunk,” with 16 cities having their gaps converged to 5 percentage points or less.
The FHFA’s House Price Index for purchases only rose by 5.4 percent on a 12-month seasonally adjusted basis in December 2014, marking the 35th consecutive month of year-over-year growth.
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