Overall, home prices accelerated relatively quickly in 2014, gaining ground in 44 out of the 50 states. Of the strong performing states, the highest performing include Nevada, Georgia, Michigan, California, Arizona, Minnesota, and Florida.
The strength in home price gains took a breather at the end of 2014, leaving significant room for gains in 2015.
Overall, presuming a moderately growing national economy, home prices are likely to continue to post reasonably strong gains in 2015 with pent-up demand to make up for over the past five years.
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-Luis Daniel Roque