Housing market slowdown could be good news for homebuyers

That’s it everyone, home price appreciation has officially slowed its growth for the tenth consecutive month, according to a recent report from Black Knight. At this point, the housing market really shouldn’t be surprised, countless reports point to a market slowdown just over the horizon. And Black Knight’s data further proves the slowdown is coming in fast. “At the end of December, home prices at the national level had fallen 0.3% from November for their fourth consecutive monthly decline," said Black Knight's Data & Analytics President Ben Graboske. "As a result, the average home has lost more than $2,400 in value since the summer of 2018.”