Denver

IAS Sees ‘Normalization’ in House Prices 

US home prices remain down 13% year-over-year as of April, but the pace of decline in prices seems to have leveled off, according to IAS360 data released Tuesday morning. “It’s too soon to call this a turn in the housing market, particularly given all the political and regulatory uncertainties,” said Dave McCarthy, president and CEO of Integrated Asset Services. “I think that we’re still in for some difficult spells ahead, but we are seeing a certain kind of pricing equilibrium in several important markets. That’s encouraging for the long term.”