Housing-Price Growth Still Hot, But Pace Has Cooled Some

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Housing-Price Growth Still Hot,
But Pace Has Cooled Some

By Jeff Bater and Steve Kerch
From The Wall Street Journal Online

Prices for previously owned U.S. homes appreciated late last year, but the double-digit growth was a bit cooler than it had been, an industry group says.

The national median existing single-family home price was $213,000 October through December, up 13.6% from $187,500 a year earlier, the National Association of Realtors, or NAR, said Wednesday. The median is the midpoint; that is, half of the homes sold for more than the median price and half sold for less.

In the third quarter of 2005, the annual rate of home-price appreciation was 14.7%.
-- February 17, 2006

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