Metro home prices flat
Second-quarter home prices for 151 markets.
NEW YORK (CNNMoney.com) -- Housing markets seem to have slid into a new phase, one of much slower price growth.
After several consecutive quarters of double-digit, year-over-year increases, the national market recorded a gain of just 3.7 percent in the second quarter, to $227,500.
It was the second consecutive quarter in which home prices failed to repeat the gains of an average of more than 10 percent annually from 2002 through 2005.
Regionally, only the Northeast continued to perform comparatively well - prices climbed there by 6.3 percent to $299,200. Midwestern prices fell by 2.0 percent to $167,400. The South gained 4.1 percent ($188,200) and the West rose 3.6 percent ($350,800).