Housing Market: Home Prices Surged 18.8% in November — and That’s Actually a Slowdown

Source: MSN — 

If you’re looking to buy a home in the current housing market, it helps to find a ray of sunshine wherever you can. So here is that ray of sunshine: Yes, home prices continue to surge — they rose nearly 19% in November — but the pace of price growth has been decelerating.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index — a measure of average home prices in the United States — showed an 18.8% year-over-year gain in November, according to a Jan. 25 press release from S&P Dow Jones Indices. That was down from a 19% increase the previous month and continued a string of slightly slower growth.

“For the past several months, home prices have been rising at a very high, but decelerating, rate. That trend continued in November 2021,” Craig J. Lazzara, managing director at S&P Dow Jones Indices, said in the press release.