Getty/Grace Cary
- Data shows US home prices posted a month-over-month decrease in November for the first time since January 2023.
- The index returned back to levels last seen in the summer of 2023.
- However, the year-over-year data still showed home price growth.
Housing prices in the US came in cooler than expected in November, breaking a streak of monthly gains that began in January 2023.
The latest S&P Case-Shiller national home price index data published Tuesday — which offers the three-month average for September, October, and November closing prices — showed a moderate slowdown in price gains.