Home Price Growth Slowing in Some Previously Red-Hot Housing Markets

Certain housing markets like Allentown, PA saw prices jump nearly 74% in the past 4 years, posing risks for buyers.

Other high growth markets include Knoxville, TN (+62.7% growth) and Cape Coral, FL (+62.6%).

Boise, ID and Portland, ME also saw major home price appreciation recently.

Economist Danielle Hale says these markets may see slower growth going forward after rapid gains.

While not projecting price declines, buying in these markets may mean limited equity growth versus other areas.