Kiplinger Housing Outlook: Home Price Growth Slows

It’s still a seller’s market, but more inventory is hitting the market.

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 Home prices continue to rise but at a slower pace. The S&P CoreLogic Case-Shiller National Home Price Index, which measures the price of existing homes across the nation, rose 6.3% in April from a year earlier, down from a 6.5% annual gain in the previous month. The monthly pace of appreciation also slowed from the previous month. On a month-over-month, seasonally adjusted basis, home prices rose 0.3% — the 15th consecutive monthly increase. Base effects in the home price index mean the annual rate will continue to slow in the coming months, as the average monthly price gain in the spring and summer last year was unusually strong at 0.7%.

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Rodrigo Sermeño
, The Kiplinger Letter

Rodrigo Sermeño covers the financial services, housing, small business, and cryptocurrency industries for The Kiplinger Letter. Before joining Kiplinger in 2014, he worked for several think tanks and non-profit organizations in Washington, D.C., including the New America Foundation, the Streit Council, and the Arca Foundation. Rodrigo graduated from George Mason University with a bachelor's degree in international affairs. He also holds a master's in public policy from George Mason University's Schar School of Policy and Government.