US home prices fell in December for the sixth-straight month | CNN Business

The National Composite declined by 0.8% in December, and now stands 4.4% below its June peak. All cities in the 20-city index — which includes New York, Minneapolis, Phoenix and Los Angeles — reported declines before and after seasonal adjustments, with a median decline of 1.1%. “The cooling in home prices that began in June 2022 continued through year end, as December marked the sixth consecutive month of declines for our National Composite Index,” says Craig J.

In November, prices in San Francisco had fallen on a year-over-year basis and the city’s decline worsened in December, with prices down 4.2% year-over-year. In addition, prices in Seattle were also down from last year. “The prospect of stable, or higher, interest rates means that mortgage financing remains a headwind for home prices, while economic weakness, including the possibility of a recession, may also constrain potential buyers,” said Lazzara.

We are all worse off after two years of Biden.

What reasons of this fell ..?

Currently, Iranian schools and Iranian students are under biological_terror attacks by the terrorist regime of the Islamic Republic. Hear our voice.

Falling home prices are offset by rising interest rates…

interest rates continue to rise

Time to buy!

Lmao no they haven’t. I don’t know what houses your analyst are looking at but homes everywhere are still high.

Does anyone want to inform NJ about this because they keep going up ..

We’re totally not in a recession though 😂

I mocked flat earthers for a decade. Then finally looked at the stuff they’d been telling me to look at for 10 years… and they’re right. We’ve been lied to and once you see it; it’s beyond obvious.

Of course they were going to fall. They were on a false high because of low inventory and historically low interest rates

I bet the folks on The Right won't even give Biden credit for making housing more affordable

Inflation is a bitch.

Welcome back to 2019 before the greed and covid price gouging began. If you were in your mortgage before 2019, calm down. You will be fine.

Remember mortgage rates under 3% and car rates under 2 or 0. All those who support the PEDOPHILE, your fault! FACT!

Wow, flip side less taxes!!!

🥱

Lol. When keeping up with the jones bankrupts you! Great job guys!

Investment firms that buy houses 🏠 and triple the price need to put out of business

FJB

The Biden administration is sinking the economy.

I just bought 5 homes.

Which is good for the elderly living in Texas. Many are getting taxed out of their homes inspire of the over 65 exemption. The exemption does not cap taxes, it limits. For some the limited amount is still too high. Not to mention the extremely high cost of homeowners insurance.

Good! Hurry up and crash already so I can buy an apartment building and get garunteed government funded section 8 rent!

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