Key Points:
- The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 5.1% in the year that ended in November after rising 4.7% in October.
- The 20-City Composite posted a year-over-year increase of 5.4%, up from a 4.9% increase in the previous month.
- The 10-City Composite showed an increase of 6.2%, up from a 5.7% increase in the previous month.
- Detroit once again reported the highest year-over-year gain among the 20 cities with an 8.2% increase in November, followed again by San Diego with an 8% increase.
- For the third month in a row, Portland fell 0.7% and remained the only city reporting lower prices in November versus a year ago.
- The Right Facts will continue to monitor home prices.