Reported 3 days ago
In January, home prices increased by 4.1% compared to the previous year, according to the S&P CoreLogic Case-Shiller National Home Price Index. However, the growth rate is slowing, indicating a potential softening in the real estate market. Rising mortgage rates and elevated prices have made affordability a significant concern, leading to cautious behavior from buyers and sellers. While certain metro areas like New York and Chicago saw notable annual gains, the overall trend in the latter half of 2024 showed price declines across many markets.
Source: YAHOO