Home Price Gains Hit 18.8% in November as Buyers Await a Cooldown

Home Price Gains Hit 18.8% in November as Buyers Await a Cooldown

Home prices have been up for well over a year, due in part to limited inventory and also due to low mortgage rates. At this point, mortgage rates are starting to inch away from the record lows we saw earlier on in the pandemic and reach more moderate levels. In November, home prices rose 18.8% from the previous year, according to the S&P CoreLogic Case-Shiller National Home Price Index.