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US Housing Cools Further, With Prices Down 2.7% from Peak

  • Buyers pulled back in late 2022 when mortgage rates soared
  • Prospects for key selling season are murky as recession looms
Homes in San Diego, California.

Homes in San Diego, California.

Photographer: Bing Guan/Bloomberg
Updated on

Home prices in the US declined for a sixth straight month, sending a key index of values down 2.7% from its peak in June. 

Prices nationally fell 0.3% in December from the month before, according to seasonally adjusted data from S&P CoreLogic Case-Shiller.