{"id":1547,"date":"2023-02-01T12:13:25","date_gmt":"2023-02-01T12:13:25","guid":{"rendered":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/2023\/02\/01\/u-s-home-prices-fall-for-5th-straight-month-in-november-case-shiller-index-shows\/"},"modified":"2023-02-01T12:13:25","modified_gmt":"2023-02-01T12:13:25","slug":"u-s-home-prices-fall-for-5th-straight-month-in-november-case-shiller-index-shows","status":"publish","type":"post","link":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/2023\/02\/01\/u-s-home-prices-fall-for-5th-straight-month-in-november-case-shiller-index-shows\/","title":{"rendered":"U.S. Home Prices Fall for 5th Straight Month in November, Case-Shiller Index Shows"},"content":{"rendered":"<p><a href=\"https:\/\/www.realtor.com\/news\/real-estate-news\/u-s-home-prices-fall-for-5th-straight-month-in-november-case-shiller-index-shows\/\" title=\"U.S. Home Prices Fall for 5th Straight Month in November, Case-Shiller Index Shows\"><\/a><\/p>\n<p class=\"credit\">Getty Images<\/p>\n<p><\/p>\n<p><strong>The numbers:<\/strong> The S&amp;P CoreLogic Case-Shiller 20-city price index fell a seasonally adjusted 0.5% in November, marking the fifth consecutive monthly decline.<\/p>\n<p>Year-on-year appreciation was still up 8.6% annually, down from a 10.4% increase in October.<\/p>\n<p>A broader measure of home prices, the national index, fell by a seasonally adjusted 0.6% in November and was up 9.2% over the past year.<\/p>\n<p><strong>Key details:<\/strong>\u00a0Miami, Tampa and Atlanta reported the largest year-over-year gains among the 20 cities in November. All 20 cities reported lower price increases for the year.<\/p>\n<p>In November, 19 cities reported seasonally adjusted declines, with only Detroit increasing 0.1%.<\/p>\n<p>A separate report from the Federal Housing Finance Agency showed home prices falling 0.1% in November after remaining flat in the prior month.<\/p>\n<p><strong>Big picture:<\/strong>\u00a0There is some optimism in housing as mortgage interest rates have backed off 100 basis points since their October highs. Some economists think that there is a bottom in sales. Prices are expected to continue to fall for several months.<\/p>\n<p>Doug Duncan, chief economist at Fannie Mae, <a href=\"https:\/\/www.marketwatch.com\/story\/fannie-maes-chief-economist-sees-house-prices-falling-by-6-7-over-the-next-2-years-these-are-the-warning-signs-11674748244?mod=realtor\">told MarketWatch<\/a>\u00a0he expects housing to help keep the economy from a severe downturn.<\/p>\n<p><strong>Market reaction:<\/strong> Stocks were set to open lower on Tuesday. The yield on the 10-year Treasury note\u00a0slipped to 3.49%.<\/p>\n<p>The post <a href=\"https:\/\/www.realtor.com\/news\/real-estate-news\/u-s-home-prices-fall-for-5th-straight-month-in-november-case-shiller-index-shows\/\">U.S. Home Prices Fall for 5th Straight Month in November, Case-Shiller Index Shows<\/a> appeared first on <a href=\"https:\/\/www.realtor.com\/\">Real Estate News &amp; Insights | realtor.com\u00ae<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Getty Images The numbers: The S&amp;P CoreLogic Case-Shiller 20-city price index fell a seasonally adjusted 0.5% in November, marking the fifth consecutive monthly decline. Year-on-year appreciation was still up 8.6% annually, down from a 10.4% increase in October. A broader measure of home prices, the national index, fell by a seasonally adjusted 0.6% in November&#8230;<a href=\"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/2023\/02\/01\/u-s-home-prices-fall-for-5th-straight-month-in-november-case-shiller-index-shows\/\" class=\"epl-more-link\">Read More&rarr;<\/a><\/p>\n","protected":false},"author":0,"featured_media":1548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts\/1547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/comments?post=1547"}],"version-history":[{"count":0,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts\/1547\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/media\/1548"}],"wp:attachment":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/media?parent=1547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/categories?post=1547"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/tags?post=1547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}