CoreLogic reported that while home prices increased by 3.4% year over year in November 2024, they showed signs of stabilization as affordability issues start to balance out.
In November, Chicago, Miami, and Las Vegas experienced the highest annual home price gains, showcasing a significant recovery in certain metro markets post-COVID.
CoreLogic chief economist Selma Hepp emphasized that despite a flat monthly trend in home prices, further cooling of price growth could persist due to ongoing economic adjustments.
With New Jersey leading annual price appreciation at 7.8%, CoreLogic's findings indicate a diverging real estate landscape, with some regions prospering while others falter.
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