Posted 1/30/2024, 5:44:00 PM
US Home Prices Cool in November, Ending 9 Months of Gains But Annual Growth Still Solid
- Housing prices in the US cooled in November, ending a 9-month streak of gains that began in January
- The S&P Case-Shiller index still saw annual price gains of 5.1% in November
- Some cities like Detroit and San Diego saw significant annual price gains of over 8%
- Mortgage rates peaked in November near 8%, but have since fallen over 1%
- Miami, Tampa, Atlanta, and other cities reached new all-time high home prices in November