The S&P Case-Shiller Home Price Indices is considered among the leading measures of U.S. home prices. Released each month, the indices cover all nine Census divisions and are constructed to accurately track the price path of a typical home in each analyzed metro. According to its most recent release, S&P found home prices up 1.4 percent nationally through the end of November, unchanged from the previous month. “November’s results confirm that the housing market has entered a period of tepid growth,” Nicholas Godec, head of Fixed Income Tradeables & Commodities at S&P Dow Jones Indices, said. “This subdued price growth is less than half of the 3.7 percent annual price increase notched in November 2024.” It’s also the weakest showing since mid-2023. But not all regions are seeing the same growth. In fact, Midwestern and Northeastern cities like Chicago, New York, and Cleveland continue to show strong increases of between three and six percent, while Sun Belt cities like Tampa and Phoenix have seen declines. (source)
