House price growth in the United States ends in 2018

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In the United States, house price growth was weak compared to 2018, marking nine consecutive months of slowdown.

Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Standard & Poor's sa declared Tuesday that its parameters S & P National Real Estate Price Index CoreLogic Case-Shiller recorded an annual gain of 4.7% in December, down from 5.1% the previous month. Composite is & nbsp;down 4.6% in november. "Data-reactid =" 23 "> Standard & Poor's Sa said Tuesday that its S & P CoreLogic Case-Shiller home price index showed an annual gain of 4.7% in December, up from 5.1% the previous month an annual gain of 4.2%, excluding analysts' estimates of 4.5% The composite of 20 cities is down from 4.6% in November.

"The annual rate of price increases continues to decline," said David M. Blitzer, managing director and chairman of the S & P Dow Jones Indices Index Committee, in a press release. "The fall in interest rates in the fourth quarter was not enough to offset the effect of higher prices on home sales. The monthly number of existing single-family homes sold decreased in 2018 ".

Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Existing home sales continued to decline in 2019. During the last 12 months, & nbsp;sales dipped 8.5%, according to the National Association of Realtors. Existing home sales declined at a seasonally adjusted annual rate of 4.94 million in January, the lowest sales rate since November 2015. This is due to the affordability issues persist. "Data-reactid =" 25 "> Existing home sales continued to fall in 2019. According to the National Association of Realtors, sales have fallen 8.5% in the last 12 months, while sales of existing homes declined at a seasonally-adjusted annual rate of 4.94 million euros in January, the lowest selling rate since November 2015. The decline was due to current affordability issues.

"Even at the slower pace of 4.7% per year, house prices continue to exceed wage gains by 3.5% to 4% and inflation by around 2%," said Blitzer.

<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Separately, the US Department of Commerce said Tuesday that & nbsp;housing starts fell 11.2% in December& nbsp; the previous month to its lowest level since September 2016. The decline indicates that proponents expect fewer new homes to be sold this year. Housing starts fell 10.2% in the past year. "Data-reactid =" 27 "> In addition, the US Department of Commerce said Tuesday that housing starts fell 11.2% in December from the previous month, reaching their lowest level since September 2016. indicates that developers expect fewer new homes to be sold this year, while housing starts have dropped 10.2% in the past year.

The fastest price growth remains in Vegas

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Las Vegas finished 2018 by leading the composite of 20 cities showing an annual increase of 11.4% Sin City a & nbsp;in terms of annual price growth since Junewhen he dethroned Seattle. Phoenix followed Vegas with an 8% increase over November. "Data-reactid =" 29 "> Las Vegas closed the year 2018 with an annual increase of 11.4% of the composite of 20 cities.Sin City is leading the annual price growth since June, Phoenix has Vegas tracking, recording an 8% increase over November.

"It's a reminder of how prices went up and collapsed during the financial crisis of 12 years ago," said Blitzer, referring to Vegas and Phoenix. "Despite their recent gains, Las Vegas and Phoenix are the furthest away from the 2006 highs of all the cities followed in the S & P CoreLogic Case-Shiller case."

Amanda Fung is a writer at Yahoo Finance.

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The slowdown in the US real estate market will have "a small glimmer of hope" in 2019"data-reactid =" 36 ">The slowdown in the US real estate market will have "a small glimmer of hope" in 2019

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