Home prices have appreciated consistently since the housing market began its recovery, but now they appear to be slowing down after a six-year run.
The latest data from Black Knight reveals that home price growth has slowed in 33 states and in 71 of the nation’s 100 largest markets.
Annual gains decelerated by 1.3% from February to October, according to Black Knight’s latest Mortgage Monitor report.
October saw growth flatten to just 0.01%, down significantly from February’s four-year high of 6.7%. (See map below for nationwide declines in home price appreciation; click to enlarge.)