Seattle home prices fell 4% from June to October after increasing 11% from January to June, according to the just-released Case-Shiller Home Price Index for October 2018. The Case-Shiller Home Price Index is a 3-month moving average index so the October number represents prices for August through October. Price MomentumThe home price increases, however, were slower in the last 12 months than during the previous 12 months for the U.S. as a whole and 13 of the 20 cities. OutlookA lot of people are worried about what home price appreciation might look like over the next 12 months and the next 12 months after that. Will home prices fall like after the 2007 recession started or will home prices be more or less flat for years like after the 1989 recession started?

Source: Forbes December 26, 2018 18:22 UTC