Home Prices Grew In December But Slowed In These Hot Real Estate Markets | Global News Avenue

Average U.S. housing prices across the country rose in December, but growth was not even real estate Hot spot cooling.

S&P’s Corelogic Case-Shiller House Price Index shows that U.S. house prices rose 3.9% in the 12 months to December compared to last month’s reading. After the rate of housing prices rose by a decrease in the second half of 2024.

Since the pandemic, home prices have risen, increasing sellers’ profits and burping budgets. However, in some notable places, prices have begun to fall.

House prices in San Francisco were 11% lower than the pandemic peak in May 2022, while housing prices in San Diego and Tampa fell by 2.9% and 2.7%, respectively, in the second half of 2024.

“House prices continue to rise, and while some U.S. markets record a decline, the clear trend this year is due to lack of inflation in housing prices Houses on the marketsaid Robert Frick, an economist at Naval Federal Credit Union Corporation. “When consider it high Mortgage Ratewe see the affordability of homes driving further impacts for most American families. ”