Currently Reading

Home Value Growth Continues Slide


Home Value Growth Continues Slide

January 30, 2019
Bottom of play slide | Home value growth slowed down at the end of 2018 and is expected to trend downward in 2019, in line with inflation while interest rates rise.
Photo: Unsplash/Jelleke Vanooteghem

The latest S&P CoreLogic Case-Shiller National Home Price Index data show that home prices appreciated 5.2 percent annually in November 2018, down from 5.3 percent value growth in October.

At the start of 2018, home prices appreciated at more than 6 percent annually; industry economists anticipate the slowdown in value growth to continue in 2019, in line with inflation at between 2 and 3 percent, and offering some affordability breathing room for buyers as rates are expected to rise this year.

The Case-Shiller 10-city index grew 4.3 percent annually in November, but was down 4.7 percent over the previous month, and the 20-city index fell below 5 percent, growing 4.7 percent annually and coming in one basis point below expectations. David Blitzer, managing director at S&P Dow Jones Indices, tells, “The pace of price increases are being dampened by declining sales of existing homes and weaker affordability."

Las Vegas had the fastest home price growth in the country for the sixth straight month at 12 percent, followed by Phoenix, where prices grew 8.1 percent. Seattle returned to the top three after falling out last month, but still prices there grew just 6.3 percent— about half where growth was a year ago. About a third of the 20 cities reported greater annual increases in October than November.

Read more

Related Stories


Record Storms Are Turning House Lifting Into Big Business

House lifting has long been a strategy for waterfront real estate, but it is now becoming a far bigger business due to climate change


Trends in Exterior Cladding

Today’s exterior claddings are a careful curation of natural and man-made materials that add warmth and authenticity ... with labor-saving ways to install them

Sales + Marketing Trends

This House Size Is Just Right

In what could be the Goldilocks principle for what is trending in high-end real estate, homes between 5,000 and 10,000 square feet sold faster last year than smaller and larger houses, according to


More in Category


Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.