Home Price Report Roundup: More Rebalancing

Three reports show a continuing trend of slowly receding home prices, with some markets coming back to earth faster than others. Here’s a summary of those reports:

Home Price Reports: Monthly Gains Turn Negative

Annual home price appreciation, which flew along at a 20-percent pace for much of the past several years, appears to be grinding to a much slower pace going into 2023.

The ‘Great House Moderation’ Varies by Market

Reports from First American Financial Corp., Santa Ana, Calif., and Black Knight, Jacksonville, Fla., show the “Great House Moderation” accelerating, with some markets experiencing steeper slowdowns than others.

First American: Rising Rates Could Trigger Buyers

Fear of missing out on low rates and the potential loss of house-buying power could supercharge the housing market ahead of the spring home-buying season, said First American Financial Corp., Santa Ana, Calif.

Housing Affordability Concerns Intensify

Reports from First American Financial Corp., Santa Ana, Calif., and ATTOM, Irvine, Calif., show rising home prices and inflation are taking a bigger bite out of housing affordability entering the new year.

Despite Price Spikes, Homeownership Remains Affordable

Two reports—from ATTOM Data Solutions, Irvine, Calif., and First American Financial Corp., Santa Ana, Calif.—say despite sharp spikes in home prices, homeownership remains affordable for most workers, which continues to drive housing demand.