Us house price increases to slow down in 2014

US house price increases are predicted to slow down in 2014 by Zillow.

The site's latest market report forecasts strong property value growth this year in America, but that growth will tail off over the coming 12 months. Indeed, prices grew 7.1 per cent year-on-year in November 2013. By the end of 2014, they are expected to grow another 4.6 per cent.

"Much of [2013]'s rapid growth in home values can be attributed to very strong demand, as low mortgage interest rates, relatively low home prices and a slowly improving economy helped draw buyers into the market," commented Zillow chief economist Stan Humphries.

"Those dynamics are now giving way to more moderating influences, including rising mortgage interest rates, flagging investor demand and slowly increasing for sale inventory."