Home Price Growth Continues to Slow (But Not by Much)

The good news for home buyers: home price growth continued to decelerate, according to reports last week from S&P Down Jones Indices and the Federal Housing Finance Agency. The bad news: home price growth maintains double-digit percentage annual growth that appears likely to continue well into 2022.

Home Prices Stay High

Reports from S&P Dow Jones Indices, New York, and the Federal Housing Finance Agency show home prices across the U.S. continued to appreciate at double-digit percentage rates.

Home Price Index Reports Record-High 19.7% Annual Gain

Annual home price growth of 20 percent—once considered as unrealistic as, say, the Cleveland Browns winning a Super Bowl—is suddenly, like the Browns, a very distinct possibility.

Home Price Reports: Housing Market at Full Speed

If home prices are cooling off, it’s not evident in the numbers: reports from S&P Dow Jones Indices and the Federal Housing Finance Agency show home prices with annual gains of nearly 20 percent.

Quote

“A month ago, I described April’s [housing price growth] performance as ‘truly extraordinary,’ and this month I find myself running out of superlatives.”
–Craig Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P DJI.