US Housing Market Cools With Prices Down 2.5% From June Peak
- San Francisco posted worst annual drop in more than a decade
- Higher borrowing costs have been a headwind in the market
This article is for subscribers only.
The US housing slump stretched into a fifth month, sending a measure of prices down 2.5% from a peak in June.
Prices also fell roughly 0.3% in November from a month before, according to a seasonally adjusted data of national prices from S&P CoreLogic Case-Shiller.