Home-price growth predicted to slow down this year

The California median home price is forecast to increase 3.1 percent to $593,450 in 2019, following a projected 7.0 percent increase in 2018 to.

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Rent increases are also expected to slow down from the 4.5 percent rental increase. increasing 8.4 percent in a year , said MarketPointe Realty Advisors. The median home price hit $498,000 in.

Freddie Mac expects home price growth to cool slightly next year, from a projected 6.3 percent in 2017 to 4.9 percent. Those projections line up almost exactly with the latest numbers from economists at John Burns Real Estate Consulting, which predicts 6.0 percent appreciation this year and 4.9 percent next year.

In the short term, though, prices are likely to rise at a steady pace. Zillow predicts the average home value will increase by 5.5% this year.

Home price increases continued to slow down in June, according to the latest S&P corelogic case-shiller national home price index. US home price growth slows for 15th straight month Amanda Fung

In June, home sales were down 2.2% YoY, and prices were up 4.4% for June year over year. Listings are dropping and without substantial new construction releases, we’d have to believe we’re in for price rises in August. Home prices reached an all time high of $285,700 in July.

Home-Price Growth Continued to Slow in June S&P CoreLogic Case-Shiller National Home Price Index rose 3.1% for the year ending in June, down from a 3.3% annual pace the prior month