Home Price Appreciation Is Slowing In Many Hotspots (Except San Francisco/San Jose, Of Course), Even Amasoft (Washington State) Is Slowing!

The exceptional home price growth in many US markets (mostly coastal) may be coming to an end.

According to Attom Data Solutions, home price growth appreciation is slowing, even in the state of Amasoft (Washington).

8a00ae0d-c702-4635-a02e-5447f56a19d0-original.png

Utah is seeing acceleration of home price growth, while southern California and Arizona are slowing. The midwest is accelerating (except for Cleveland, of course). See Attom’s site for the interactive map.

In the aggregate, home price appreciation is slowing.

home_prices_appreciation_Q2_2018.png

But despite the rapid growth in home prices, there remains pockets of seriously underwater housing (home price < mortgage balance).

uwa.png

Wage growth is improving and home price growth is slowing.

avgfhfa

I wonder if this will be discussed at Jackson Hole?

cropped-cowboy-jay1.jpg

Courtesy of Jesse’s Cafe Americain.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.