Summary:
Home prices in the United States continued to rise steadily in late 2023, showcasing significant momentum within the housing market. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, regarded as a reliable benchmark, reported an impressive 5.1% annual gain in November, surpassing the previous month’s gain of 4.7% according to the latest report. Moreover, both the U.S. National Index and the 10-City Composite illustrated modest month-over-month increases of 0.2%, while the 20-City Composite showcased…
– S&P CoreLogic Case-Shiller U.S. National Home Price Index: Reported a notable 5.1% annual gain in November, showcasing a thriving housing market.
– U.S. National Index and 10-City Composite: Both indices depicted month-over-month increases of 0.2%, indicating a continuous upward trend for home prices.
– 20-City Composite: Also posted…
The latest data indicates a sustained upward trajectory for home prices, demonstrating resilience in the housing market. This ongoing growth can be attributed to a variety of factors, including a sturdy economy, low interest rates, and limited housing supply. As a result, prospective buyers may face challenges in their pursuit of affordable housing options, with the ongoing surge in prices potentially impacting affordability. However, sellers can benefit from the strong market conditions, capitalizing on the increased demand and securing profitable transactions. Experts advise potential homeowners and investors to stay vigilant and assess the market conditions when making real estate decisions in the current climate of rising home prices.
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