House prices continued to rise in November

Home price growth slightly increased in November, exceeding the consensus estimate, according to the latest S&P CoreLogic Case-Shiller Home Price Index. The gauge rose 3.8% on the year in November 2024, up from 3.6% in October. New York again reported the highest annual gain among the 20 cities surveyed, with a 7.3% increase in November, followed by Chicago and Washington, D.C., with annual increases of 6.2% and 5.9% respectively. Tampa in Florida posted the lowest return, falling 0.4%, the first annual drop for any market in more than a year in the state.