Home Price Growth Decelerated Again in June

In June, the S&P/Case-Shiller national index grew marginally at a seasonally adjusted 0.3 percent with 6.2 percent annual growth.

The second, 20-city index increased 0.1 percent that month, with slightly more annual growth at 6.3 percent. Home price growth is slowing down, nationally and in the 20-city index by 0.2 percent, MarketWatch reports, pointing out that the growth is still double the rate of inflation and of wage growth. Of the 20 cities measured in the index, six had stronger price growth annually in June than in May 2018.

The West is still the best, and Las Vegas is the one to beat. After years of Seattle charting the strongest price growth, Vegas led the way in June, followed by Seattle and San Francisco. New York, which has been slammed by recent tax-law changes, was the only metro to chart a monthly decline. But its 3.8 percent annual gain wasn’t the lowest: Washington, D.C., prices rose only 2.9 percent for the year.

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