The Most Splendid Housing Bubbles in America, Dec. Update: But Prices Stalled in San Francisco, Boston, Washington | Wolf Street

“The slowing of home prices is most notable in colder and more expensive areas, as well as middle-tier priced homes where homebuyers may have less wiggle room in their budgets,” said CoreLogic Deputy Chief Economist Selma Hepp today. “Low-tier priced homes are still in higher demand as entry-level buyers and investors continue to compete for the very limited supply.”

House prices have performed truly crazy feats, with prices in Phoenix being up 32% year-over-year, 28% in Tampa, 26% in Miami, 25% in Las Vegas, and 24% in San Diego. But even in those crazy markets, price increases have been slowing.

The Most Splendid Housing Bubbles in America, Dec. Update: But Prices Stalled in San Francisco, Boston, Washington | Wolf Street