Patrick Lawler Rates Quotations

While deceleration continues in some areas, appreciation generally is still extremely strong. Mortgage rates climbed significantly during the second half of last year, but the effect of that increase on price appreciation so far appears to be limited.

The robust appreciation rates are striking both in terms of their magnitude and in their geographic scope. However, they are likely unsustainable given the underlying inflation rate, income growth and other factors,

are the result of many factors, including low mortgage interest rates and the apparent impact of speculative investing.

Appreciation rates in the third quarter were extremely strong, although some deceleration can be seen in a number of the faster-appreciating markets.

The continued price increases are a result of many factors including low mortgage interest rates and the apparent impact of speculative investing.