National home prices recorded an annual gain of 3.8% last November, a slight increase from October’s 3.6% annual increase, according to the S&P CoreLogic Case-Shiller indices.
While the year-over-year increase continues to get smaller each month, the November reading still brought the national index to its 18th straight all-time high.
The Case-Shiller 10-city composite index saw an annual home price increase of 4.9%, the same increase recorded in October. The 20-city index posted a year-over-year increase of 4.3%, up from 4.2% increase the previous month.
Leading the way in increases once again among 20 major metropolitan areas was New York City, which registered 7.3% annual increase in home prices in November, the same as in October. It was followed by Chicago, with an increase of 6.2%, and Washington, D.C., with annual increases of 5.9%. Tampa, Florida, had the lowest return of the major-city indices, falling 0.4%.
