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Mortgage Rates Inch up to Start the Year at a Near Six-month High. Will the Housing Market Become More Affordable in 2025?
November US Construction Spending Flat, Residential Building Up
In October, house prices in the USA reached a new high, but the growth rate slowed down. An increase in listings helped buyers negotiate, with New York leading the top 20 cities.
The latest data shows that in October, the USA housing price Index reached a record high for the 17th consecutive month, although the growth rate slowed down with a year-on-year increase of 3.6%, down from 3.9% in September. In addition, prices in the 20 major cities rose by 4.2% year-on-year, also a slowdown from the previous month's 4.6%, with New York City experiencing the highest increase at 7.3%.
October Case-Shiller US Home Price Index Declines Further
October FHFA Home-Price Index Rises as Expected, Up Solidly Year-Over-Year
November Pending Home Sales Rise to Highest Level Since February 2023, NAR Says
