Home Prices Relax Ahead of Spring

The brakes are on growing home prices, with appreciation at 6.7 percent—the lowest rate since November 2016, according to the January Zillow® Real Estate Market Report. Appreciation hit 7.6 percent in May 2017 but tempered through the year.
The deceleration could give homebuyers hope this spring, says Aaron Terrazas, senior economist at Zillow.
“Home values are still growing very quickly relative to historic norms,” Terrazas says. “After years of intense competition,