- Home price appreciation slowed each month from March through May, the first three-month slide in nearly four years
- Though every state saw prices increase in May - typically one of the strongest months for home price appreciation - the average home gained just 0.93 percent in value, the lowest growth rate for any May in the last four years
- Two-thirds of both states and large metropolitan areas have seen slowdowns in rates of home price appreciation
- 32 states have seen price gains slow, while 18 have picked up speed, with California seeing three times the national average deceleration
- Cooling home prices, combined with a slight reprieve in interest rates, have been enough to hold affordability steady
- The monthly principal and interest payment required to purchase the average-priced home has increased by only $4 over the past two months as compared to a $138 increase through the first five months of 2018
PR Newswire
JACKSONVILLE, Fla., Aug. 6, 2018
