The August Case-Shiller Index was released last week and it showed slowing price appreciation as prices only rose 5.8% in August from August 2017. Here in Denver our home price appreciation rate was down to 7.7%, down from the 8% increase we saw from July 2017 to July 2018.

 

David Blitzer, who chairs this Index Committee, said, “There are no signs that the current weakness will become a repeat of the housing crisis.” Sklyar Olsen, Zillow’s Director of Economic Research and Outreach, said that this report is WELCOME NEWS FOR BUYERS. I agree.