U.S. HOME PRICES CONTINUED GAINS IN NOVEMBER

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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 3.8% in the year that ended in November.
  • The 20-City Composite posted a year-over-year increase of 4.3%, up from a 4.2% increase in the previous month.
  • The 10-City Composite saw an annual increase of 4.9%, recording the same annual increase in the previous month.
  • New York again reported the highest annual gain among the 20 cities with a 7.3% increase in November, followed by Chicago and Washington with annual increases of 6.2% and 5.9%, respectively.
  • Tampa posted the lowest return, falling 0.4%.
Source