The typical U.S. home value continues to grow at a healthy annual pace that is somewhat faster than prior months, a signal of the housing market’s relative strength even as the coronavirus pandemic continues to batter the overall economy. But the pre-pandemic momentum that has buoyed the housing market the past few months may be wearing off, and signals are emerging of a potential housing slowdown to come.
The typical home value in the U.S. was $251,598 in May, up 4.3 percent year over year — a small acceleration from April’s 4.2 percent pace of annual growth. But by more recent ...