Prices are still rising, but the gains continue to shrink, as fewer buyers are able to afford the homes available for sale.
Home prices are still rising, but the gains continue to shrink, as fewer buyers are able to afford the homes available for sale.
"The last time it advanced this slowly was April 2015. In 16 of the 20 cities tracked, price gains were smaller in January 2019 than in January 2018," said David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices."Only Phoenix saw any appreciable acceleration. Some cities where prices surged in 2017-2018 now face much smaller increases."
Las Vegas, Phoenix and Minneapolis saw the largest annual gains among the 20 cities. Las Vegas prices were up 10.5 percent In January, Phoenix up 7.5 percent and Minneapolis up 5.1 percent.
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