"November Sees Record Highs and Slowing Growth in US Home Prices"
TL;DR
US home prices reached a new record high in November, rising 5.1% nationally compared to the previous year, according to the S&P CoreLogic Case-Shiller index. The 10-city and 20-city composites also saw annual increases, with some cities hitting all-time highs. The housing market has rebounded despite higher mortgage rates and limited inventory, with prices likely to continue surging as the affordability crisis worsens.
Topics:businessreal-estate#housing-inventory#housing-market#mortgage-rates#real-estate#sandp-corelogic-case-shiller-index#us-home-prices
- US home prices hit a new record high in November Fox Business
- Home-Price Growth Accelerated in November The Wall Street Journal
- Home prices began to cool in November after nine straight months of gains, S&P Case-Shiller says CNBC
- US Home-Price Growth Slows as High Mortgage Rates Squeeze Demand Bloomberg
- U.S. home prices hit a new high in November, Case-Shiller says MarketWatch
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