Annual Home Value Growth Near 2013 Levels

According to the November Zillow Real Estate Market Report, annual home value growth in the U.S. has reached its lowest point since January 2013. As the housing market continues it return to historic norms after a red-hot 2017 and 2018. Annual home value growth has now slowed in each of the past 19-months. Fortunately, it has been a gradual slowing and not slamming on the brakes. The drop in year-over-year has not exceeded 0.3% points from one month to the next during the 19-month period.  The typical U.S. home value grew 3.8% to $243,225.