Industry News

Real estate markets cool nationwide reports growing inventory, slowing appreciation

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Home prices in Phoenix have been flat for 60 days and are down 6.7 percent from levels six months ago levels, and home prices in Las Vegas market have fallen for two consecutive months to a median price of $309,000 at the end of February, said Alexis McGee, president of Year-over-year home-price appreciation in San Diego has slowed to 6.4 percent, and sales volume is down throughout Southern California, McGee added, prices in Cape Coral, Fla., have fallen 2.5 percent in the past 30 days while the inventory of unsold homes has jumped 155.6 percent in the past six months, and home-price growth has slowed to 1 percent in the Atlanta metro area during the past three months. McGee said that in Cape Coral home prices had been flat for six months and had fallen 2.5 percent in the last 30 days. While in six months, the inventory of unsold homes had increased by 155.6 percent. While in Tampa, Fla., prices were down 4.3 percent from six months ago and the inventory was up 129 ...