Wednesday, August 6, 2025

US Home Prices Decelerate in November

US home prices continued their upward trend to finish off 2021, albeit at a slower rate, as the housing market entered its traditionally slower season in November.

The S&P CoreLogic Case-Shiller National Home Price Index reading for November showed that home prices rose 18.8% in November, marking yet another substantial annual gain for America’s housing market. However, the increase was at a slower pace compared to October’s 19% year-over-year gain, as real estate prices show signs of decelerating for the fourth straight month.

But, even despite November’s deceleration, the index reading was still the sixth-highest on records dating back 34 years. Housing markets in the Phoenix, Tampa, and Miami areas reported some of the sharpest annual increases, with gains of 32.2%, 29%, and 26.6%, respectively.

In the meantime, the 30-year mortgage rate remained relatively unchanged at around 3% to 3.25% between October and November. Although they were modestly higher compared to last summer, mortgage rates are still historically low, giving homebuyers more purchasing power and helping fuel home prices even higher.


Information for this briefing was found via S&P Global. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold/Silver: People Can Still Lose Money In This Bull Market!? | Rick Rule

He Said $300 Silver!? | Peter Krauth

Dollar Will Collapse, Gold and Silver Are the Only Safe Havens | Jim Rogers

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

It’s A Coronavirus Economy, We’re All Just Planning In It

It’s been a few hours now since Canada’s Federal government announced a plan for $82...

Thursday, March 19, 2020, 09:00:29 AM

Delinquency Rate on Single Family Mortgages Rises Sharply in June to 2.48%, Up From 0.81% in May

A double-dip recession becomes more and more evident as coronavirus cases continue to soar across...

Tuesday, July 28, 2020, 02:05:33 PM

The OpenDoor Real Estate Robot

In the style of most successful tech ventures of a 2014 vintage, OpenDoor Technologies (NASDAQ:...

Thursday, August 11, 2022, 10:04:00 AM

Colliers Canada Survey Reveals 16% of Commercial Tenants Were Unable to Pay May Rent

Colliers International, a Canadian-based global commercial real estate organization, has released recent data regarding the...

Tuesday, June 9, 2020, 05:12:00 PM

Kids These Days: Study Sees Tough Financial Luck, Lower Buying Power For Gen Z

No wonder kids are angry. Older generations are leaving them with an ailing planet and...

Wednesday, August 17, 2022, 03:07:00 PM