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


What Could Happen to California Housing After the Pandemic?

After wide spread vaccinations and herd immunity take hold, then what? 

Market Data + Trends

Pandemic Spurs Acceleration in Multigenerational Living Trends

Once the pandemic reared its ugly head, some families who were in the midst of planning housing for their aging relatives had to reevaluate. With…


Millennials Lead in Home Service Projects and Spending

Being cooped up at home pushed Americans to spend more on home improvement projects this year instead of entertainment or travel. The National…


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.