Home Prices are Expected to Slow

Home prices have increased greatly in Livonia, Northville, Novi, Plymouth and Canton recently. National housing experts are expecting home values to continue to rise nationwide -- but at a slower pace.

Accordingly, they feel that prices can’t go up at the pace they have been forever and that because of the difficult in affordability, sales will slow.

They are expecting anywhere from a 2 - 6% increase in home prices nationally this year with the southern states of Texas, Florida, and Georgia seeing stronger home price appreciation as Americans seeking more affordable housing and strong job markets continue to move in.