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Price Gains Slow in Most Large Markets

Friday, April 3, 2015

Another source is affirming that the rapid growth in home prices that started in 2013 has continued to slow and that the deceleration is broad based.  RealtyTrac's February Home Price Appreciation Analysis found that annual price increases have slowed from a year ago in 60 of the 92 large metropolitan areas it tracks. 

Many of the year-over-year changes were huge.  In Detroit appreciation slowed to one-third its earlier pace, from 30 to 10 percent.  Riverside-San Bernardino dropped from 24 percent to 7 percent, Boston from 16 percent to 3 percent, and in Chicago the rate of increase dropped 10 percentage points to 6 percent.  Increases in New York City, Los Angeles, and Miami were down by at least 50 percent.  

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