Home sellers see biggest price gain in 8 years - WAOW - Newsline 9, Wausau News, Weather, Sports

Home sellers see biggest price gain in 8 years

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(CNN) -- Good news for the housing market, home sellers saw an average gain of almost $41,000 in the third quarter.

That's up 17 percent, making it the highest price gain since 2007.

The same period saw an increase in first-time home buyers.

But a word of caution -- home price appreciation is starting to slow down and higher mortgage interest rates are expected sooner rather than later. 

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