Despite a recent slip in both existing and new home sales, experts agree that a decline in mortgage rates could help to stimulate the market. A Standard & Poor’s/Case-Shiller National Home Price Index found that home price annual growth fell from 11.4 percent to 10.3 percent as of March 2014.
"I'm a little puzzled by it, but it isn't a big change. Mortgage rates are down, and that ought to be spurring the market a little bit, but it's not a big change this month," Robert Shiller, co-creator of the index, told CNBC. "The market is still on the up, at least looking at price data. You know, there's always been a lot of momentum in the housing market, and it still looks up and it still looks optimistic."