US home prices nudged higher in November, but the pace of that growth slowed, as rising mortgage rates pushed prospective buyers out of the housing market late last year
. Home prices rose 7.7% in November from the year before, a smaller jump than the 9.2% growth seen in October, according to the latest S&P CoreLogic Case-Shiller US National Home Price Index, released Tuesday. The South led, with Miami; Atlanta; and Tampa, Florida, all reporting the highest year-over-year gains among the cities in the 20-city index in November. Miami led the way with an 18.4% price increase from the year prior, followed by Tampa and Atlanta.
After seasonal adjustments, 19 cities still reported declines, with only Detroit increasing 0.1%. Last July marked the first month-over-month decrease for the national index since February 2012 and that continued through November, with seasonally adjusted prices falling 0.3% month over month. “November 2022 marked the fifth consecutive month of declining home prices in the US,” said Craig J. Lazzara, managing director at S&P DJI.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Ford drops the price of its Tesla competitor | CNN BusinessFord is boosting production of its popular Mustang Mach-E electric SUV and dropping its sticker price weeks after Tesla dropped prices of its vehicles. The move represents a substantial roll-back of price hikes Ford announced last summer on the 2023 models -- but buyers may still be paying somewhat more than before the increases.
Baca lebih lajut »
First on CNN: Biden administration to strengthen Obamacare contraceptive mandate in proposed rule | CNN PoliticsThe Biden administration wants to make it easier for women to access birth control at no cost under the Affordable Care Act, reversing Trump-era rules that weakened the law’s contraceptive mandate for employer-provided health insurance plans.
Baca lebih lajut »
Pending home sales increased last month for the first time since May | CNN BusinessPending home sales increased in December for the first time since May, a sign that lower mortgage rates are bringing some buyers back into the housing market.
Baca lebih lajut »
Why gas prices are surging this month | CNN BusinessNormally, prices at the gas pump drift lower during the dead of winter as lousy weather keeps Americans off the roads. But something unusual is happening this year: Gas prices are rocketing higher.
Baca lebih lajut »
ASML says 'rules are being finalized' on chip export controls to China | CNN BusinessSML, a Dutch maker of semiconductor equipment, says “rules are being finalized” on export controls -- amid reports that the Netherlands and Japan have joined the United States in restricting sales of some computer chip machinery to China.
Baca lebih lajut »
'Attack on India:' Adani slams US short seller over fraud allegations | CNN BusinessAdani Group has published a detailed rebuttal running to more than 400 pages against allegations of fraud made by a US investment firm, calling the short seller's investigation of the ports-to-power conglomerate 'a calculated attack on India.'
Baca lebih lajut »