S&P Corelogic Case-Shiller indices were released for December (yes Lee Adler, I know it is late February!) The report reveals that YoY home price growth is 4.18%, the lowest growth rate since September 2012.
Las Vegas and Phoenix reported the highest year-over-year gains among the 20 cities. In December, Las Vegas led the way with an 11.4% year-over-year price increase, followed by Phoenix with an 8.0% increase and Atlanta with a 5.9% increase. Three of the 20 cities reported greater price increases in the year ending December 2018 versus the year ending November 2018.
Yes, San Diego has replaced Washington DC as the slowest growing US metro area in term of home prices.