Slower price growth could be good news for the housing market in the crucial spring months if it pulls buyers back into the market, especially if mortgage rates, which have fallen recently, remain low.
The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 4.7% in the year ended in December. That was a significant slowdown from 2017, when home prices grew more than 6%.
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