Home prices began to cool in November after nine straight months of gains, S&P Case-Shiller says
PUBLISHED TUE, JAN 30 20249:00 AM ESTUPDATED TUE, JAN 30 202411:29 AM EST
By: Diana Olick
Home prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index.
While that may not seem like a lot, it is the first monthly drop since January 2023. Mortgage rates rose sharply in October to their highest level in more than 20 years, making houses hard to afford.
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