CoreLogic

A year-long cool down is taking its toll on Southern California home sellers, local agents and economists say.

Home prices in 20 U.S. cities registered their smallest gains since late 2012, decelerating for a 10th month in January as buyers held out for more affordable properties.

The San Jose housing market has cooled more than any other in the country — and it's still the hottest in the nation, according to a recent Zillow survey.

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Strong loan performance continued into December as all delinquency stages fell annually behind equity gains and the sustained rise of home prices, according to CoreLogic.

Despite a lower rate of increase, 2019 equity gains could pull 350,000 households from being underwater on mortgages, according to CoreLogic.

Home price appreciation tapered as buyers battling tight inventory and rising housing costs pulled back from the market, according to CoreLogic.

The number of homes sold in Marin County, Calif., in January dipped 5.4% to 141 over the 149 homes sold in January 2018, according to CoreLogic.

For a few months, it seemed the speeding Bay Area housing market was ready to slow down.

The housing market across Southern California continued to slow last month as home sales had its weakest January in 11 years, according to CoreLogic.