This video spotlight looks at the recent home price apprecation slowdown. Home price appreciation has slowed in recent months, according to the CoreLogic Home Price Index. Annual appreciation slowed from 6.1 percent in January 2018 to 4.4 percent in January 2019, and according to Corelogic, the slowdown comes after "stellar" appreciation when prices started increasing again after the housing market crash.
Corelogic states that Philadelphia and Las Vegas were the only two large metroes to experience double-digit annual appreciation, each growing by 10.5 percent in January. San Francisco had the lowest year-over-year appreciation in January, increasing by just 1.6 percent, followed by Baltimore with appreciation of 1.7 percent. The report notes that the last time any of the 50 largest metros showed a year-over-year decrease in home prices was in April 2015, when Baltimore fell by 0.3 percent.
Molly Boesel, Principal Economist at Corelogic, discusses the appreciation trend.