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Another adverse effect of high home prices: Fewer babies

Forget about a baby boom — rising home prices appear to be causing many would-be parents to think twice before expanding their family.

An additional 10 percentage-point increase in home values was associated with a 1.5 percentage-point decrease in birth rates among women ages 25 to 29, according to a report released Wednesday by real-estate website Zillow ZG, +1.92%

The biggest effect was noted in Los Angeles County, where it appears that rising home values prompted 2,588 fewer babies born to women in this age group in 2016 than would have other been expected.

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