US Home-Price Growth Slows as High Rates Squeeze Demand
- Gains in November eased after borrowing costs hit a high
- Buyers are facing prices that are 69% above a 2006 peak
Homes in Centreville, Maryland.
Photographer: Nathan Howard/BloombergThis article is for subscribers only.
Home-price growth in the US decelerated in November as high mortgage rates weighed on potential buyers.
A national gauge of prices climbed 0.2% in November from October, according to seasonally adjusted data from S&P CoreLogic Case-Shiller. That’s slower than the 0.6% monthly gain in October.