By Trey Garrison | HousingWire
Moderation in the housing market is now in its 11th straight month, according to the latest home data index from Clear Capital.
National home price gains fell to 6.7% year-over-year and 1.0% quarter-over-quarter.
Meanwhile Distressed Saturation fell to just 16.8% suggesting the shortage of lower priced inventory is the catalyst for stalling gains. National trends were echoed at the regional level, with the West seeing the strongest moderation across the country. In fact, for the first time since the start of the recovery three years ago, the West’s yearly rates of growth fell below 10%, a sure sign of more moderation to come over the next several months for the nation.
