National home values rose just .2% in January, which is the smallest monthly increase since May 2012. ?Nationwide inventory gains occured in areas hit hardest by the recession. ?These same markets experienced a cooldown of market values, as higher inventories meant that home values went down.
Buyers look to have more leverage this year, with more choice and less competition. ?This helps the market become more balanced and hopefully, leads to a “back to normal” market.