Home prices rose 3.8% in November 2024, up from 3.6% in October. Experts predict a slowdown in 2025 as mortgage rates rise.
2025 as mortgage rates rise. Tampa saw a 0.4% decline.
WASHINGTON – In November 2024, the S&P CoreLogic Case-Shiller National Home Price Index found that home prices increased 3.8%, up from a 3.6% increase in October 2024. For 2025, experts indicate that the housing market could slow as mortgage interest rates keep rising.
Brian D. Luke, head of commodities, real and digital assets at S&P Dow Jones Indices, said, “With the exception of pockets of above-trend performance, national home prices are trending below historical averages.”
The index tracks repeat-sales data and is on a two-month delay, reflecting earlier purchasing decisions. Of the 20 cities surveyed, Tampa saw the lowest return at 0.4%, the first annual decline for any market in more than 12 months, Luke said.
Source: Wall Street Journal (01/28/25) Frankl, Ed
© Copyright 2025 Smithbucklin
Social Cookies
Social Cookies are used to enable you to share pages and content you find interesting throughout the website through third-party social networking or other websites (including, potentially for advertising purposes related to social networking).