"Record-Breaking Home Prices Surge, Impacting Buyers and Sellers Alike"
TL;DR
US home prices hit a new record high in January, with the S&P CoreLogic Case-Shiller US National Home Price index rising 6% from the previous year, the fastest increase since late 2022. All cities reported annual price increases, with San Diego surging 11.2%. However, high mortgage rates and borrowing costs limited price growth, especially in the largest metro areas. On a month-over-month basis, prices rose 0.4% on a seasonally adjusted basis, but 17 of the 20 metro areas recorded price declines from December to January.
Topics:businessreal-estate#affordability#housing-market#mortgage-rates#real-estate#sandp-corelogic-case-shiller-us-national-home-price-index#us-home-prices
- There’s more bad news for potential homebuyers: Prices just hit another record CNN
- Home Prices Rose at Fastest Pace Since 2022 in January Barron's
- Home price growth is back at pre-pandemic levels. Here's what that means for buyers and sellers. AOL
- Home price growth is back at pre-pandemic levels. Here's what that means for buyers and sellers CNBC
- US Home-Price Growth Picks Up With 'Healthy Gains' Across Cities Bloomberg
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