Economics
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.
Photographer: Bing Guan/BloombergThis article is for subscribers only.
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.