. Home prices rose 7.7% in November from the year before, a smaller jump than the 9.2% growth seen in October, according to the latest S&P CoreLogic Case-Shiller US National Home Price Index, released Tuesday. The South led, with Miami; Atlanta; and Tampa, Florida, all reporting the highest year-over-year gains among the cities in the 20-city index in November. Miami led the way with an 18.4% price increase from the year prior, followed by Tampa and Atlanta.
After seasonal adjustments, 19 cities still reported declines, with only Detroit increasing 0.1%. Last July marked the first month-over-month decrease for the national index since February 2012 and that continued through November, with seasonally adjusted prices falling 0.3% month over month. “November 2022 marked the fifth consecutive month of declining home prices in the US,” said Craig J. Lazzara, managing director at S&P DJI.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ford drops the price of its Tesla competitor | CNN BusinessFord is boosting production of its popular Mustang Mach-E electric SUV and dropping its sticker price weeks after Tesla dropped prices of its vehicles. The move represents a substantial roll-back of price hikes Ford announced last summer on the 2023 models -- but buyers may still be paying somewhat more than before the increases. Popular? cant believe you got me to click on a article. Well played. I've never seen one on the road, but I'm sure it's a huge hit
Source: CNN - 🏆 4. / 95 Read more »
Pending home sales increased last month for the first time since May | CNN BusinessPending home sales increased in December for the first time since May, a sign that lower mortgage rates are bringing some buyers back into the housing market.
Source: ALNewsNetwork - 🏆 583. / 51 Read more »
Why gas prices are surging this month | CNN BusinessNormally, prices at the gas pump drift lower during the dead of winter as lousy weather keeps Americans off the roads. But something unusual is happening this year: Gas prices are rocketing higher.
Source: ALNewsNetwork - 🏆 583. / 51 Read more »
ASML says 'rules are being finalized' on chip export controls to China | CNN BusinessSML, a Dutch maker of semiconductor equipment, says “rules are being finalized” on export controls -- amid reports that the Netherlands and Japan have joined the United States in restricting sales of some computer chip machinery to China. The art of the deal why so late? Any sanctions/fines for this delay MinPres ? Is this news reporting real or fake ? I’m so sick of you guys making things so dramatic all of time . Give me so much stress ! Time to investigate them
Source: CNN - 🏆 4. / 95 Read more »
'Attack on India:' Adani slams US short seller over fraud allegations | CNN BusinessAdani Group has published a detailed rebuttal running to more than 400 pages against allegations of fraud made by a US investment firm, calling the short seller's investigation of the ports-to-power conglomerate 'a calculated attack on India.' FRAUD ADANI , FRAUD AMBANI , & THEIR BOSS IS FATHER OF ALL FRAUDS - MODI Short seller “Hindenburg Group” had “88 questions”. Yeah that’s not at all shady.
Source: cnni - 🏆 326. / 59 Read more »