Home values from December 2018 to January 2019 had a 4.3 percent growth rate, per Case-Shiller index data, the slowest gains since April 2015.
The index 20-city composite finds that Las Vegas, Phoenix, and Minneapolis had the highest annual rates of growth: 10.5 percent, 7.5 percent, and 5.1 percent, respectively. Zillow’s forecast for Case-Shiller’s February data release, scheduled for April 30th is as follows:
The national housing market’s ongoing, slow march back to “normal” is continuing into the start of 2019 — setting up a spring in which buyers will have more power than they have in years, although they still may need to work hard to find a favorable deal.
Formerly scorching hot, in-demand markets have seen home value growth steadily slow over the past few months. In Seattle, annual price gains dropped from 12.8 percent to 4.1 percent from January 2018 to January 2019. San Francisco saw annual price increases shrink from 10.2 percent to 1.8 percent over the same time period.
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