Skip to main content

Q4 Home Prices Up Four Percent

Phil Hall
Feb 12, 2019
The latest housing data show a market experiencing a winter slowdown

The national median existing single-family home price in during the fourth quarter of 2018 was $257,600, according to data from the National Association of Realtors (NAR). This is up four percent above the $247,800 price from the fourth quarter of 2017.
 
Single-family home prices increased in 163 of the 178 metro areas tracked by NAR, or 92 percent, with 14 metro areas recording double-digit increases, down from 18 in the third quarter. But while prices continued to rise, albeit at a slower pace than before, sales dropped. The total level existing-home sales—which included single-family homes and condos—was down 1.8 percent to a seasonally adjusted annual rate of 5.18 million in the fourth quarter from 5.27 million in the third quarter. The fourth quarter level is also 7.4 percent lower than the 5.59 million-pace during the fourth quarter of 2017.
 
Lawrence Yun, NAR’s Chief Economist, said home prices were rising “at a slower and healthier pace,” adding the West Coast was “undergoing the biggest shift with the slowest price gain and large buyer pullback.”

 
Published
Feb 12, 2019
Offerpad Expands Into Kansas City, St. Louis

Tech-Enabled Platform For Real Estate Transactions Now In 20 Markets

Industry News
Sep 20, 2021
CoreVest To Expand Its Correspondent Channel

CoreVest American Finance LLC is expanding its business purpose loan correspondent channel, following the pricing of its inaugural securitization of bridge loans on transitional housing assets.

Industry News
Sep 20, 2021
KBRA Assigns Preliminary Ratings To RCKT 2021-4

Includes 1,002 Residential Mortgages With An Aggregate Principal Balance Of $968.4M

Industry News
Sep 20, 2021
KBRA Assigns Preliminary Ratings To SEMT 2021-6

Pool Of 497 First-Lien Loans Combined Have A Principal Balance Of Nearly $449M

Industry News
Sep 16, 2021
Fugo Appoints Bahlman As VP, Client Relations & Sales

Brings 19 Years of Experience To Texas-Based Back-Office Support Company

Industry News
Sep 16, 2021
Envoy Mortgage Expands To Atlanta

Envoy Mortgage lender expanded its Southeast operations to Atlanta, GA.

Industry News
Sep 15, 2021