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Home prices kept rising even as mortgage rates surged, S&P Case-Shiller says

CNBC LogoCNBC2 mo ago

Home prices kept rising even as mortgage rates surged, S&P Case-Shiller says - CNBC

Quick Summary:

Home prices were 3.9% higher in September compared with the same month a year earlier, according to the S&P CoreLogic Case-Shiller Index.

Rent growth will continue to be moderated by more supply next year.

Of the 20 metropolitan markets highlighted in the report, Detroit saw the biggest annual increase at 6.7%, followed by San Diego at 6.5% and New York at 6.3%.


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Home prices kept rising even as mortgage rates surged, S&P Case-Shiller says - CNBC (Picture 1)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-11-28 @ 15:44:23 (2 months ago)

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CNBC

News ID: 18684721

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About CNBC

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Main Topics: EconomyBusiness

Official Website: cnbc.com

Year Established: 2005

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #5

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