"The 10-City Composite index came in at a reading of 357.47, up 2.0% annually, which is better than the 1.9% yearly increase recorded in October. The 20-City index also recorded an annual increase, jumping 1.4% to a reading of 337.27. After seasonal adjustment, both indices rose 0.5% on a monthly basis. Of the 20 cites, Chicago reported the largest annual gain rising 5.7% annually, followed by New York (5.0%) and Cleveland (3.4%)."
"On the other end of the spectrum, Tampa recorded the worst annual return, with the index falling 3.9% in November. These historically steady Midwestern and Northeastern markets have maintained respectable gains even as overall conditions cool, Godec said. He added that in addition to Tampa, other Sun Belt metro areas remain under pressure, showing dramatic turnarounds from their pandemic-era strength."
The 10-City Composite index read 357.47, up 2.0% year-over-year, improving from October's 1.9% gain. The 20-City index rose 1.4% to 337.27. After seasonal adjustment, both indices increased 0.5% month-over-month. Chicago led annual gains at 5.7%, followed by New York (5.0%) and Cleveland (3.4%), while Tampa posted the largest annual decline at -3.9% in November. Midwestern and Northeastern markets maintained respectable gains even as overall conditions cool, while many Sun Belt metros showed dramatic turnarounds and remained under pressure. Month-over-month increases were limited to six cities; Boston posted the largest drop at -0.76%. Falling mortgage rates in October likely boosted recent contracts, but affordability constraints are expected to slow both rates and price appreciation in early 2026, giving more leverage to buyers in Florida, Texas and parts of the Southwest while Northeast and Midwest markets remain competitive.
Read at www.housingwire.com
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