“Despite
below-trend
growth,
our
National
Index
hit
its
18th
consecutive
all-time
high
on
a
seasonally
adjusted
basis,”
Brian
D.
Luke,
head
of
commodities,
real
and
digital
assets
at
S&P
Dow
Jones
Indices,
said
in
a
statement.

The
10-city
(332.59)
and
20-city
(350.4)
composite
indexes
showed
little
change
from
the
month
prior.
The
10-city
index
posted
a
4.9%
annual
increase
—
the
same
as
in
October
—
and
the
20-city
index
rose
4.3%
annually,
up
from
4.2%
a
month
prior. 

Both
indexes
posted
miniscule
monthly
price
decreases
at
0.02%
for
the
10-city
and
0.12%
for
the
20-city. 

Once
again,

New
York
topped
the
20-city
list
for
the
largest
annual
price
gain
at
7.3%,
followed
by

Chicago
and

Washington,
D.C.,
at
6.2%
and
5.9%
respectively.

Tampa,
which
was
the
top
dog
for
price
gains
not
long
ago,
was
at
the
bottom
of
the
list
with
an
annual
price
decrease
of
0.4%
in
November.

“Unsurprisingly,
the
Northeast
was
the
fastest
growing
region,
averaging
a
6.1%
annual
gain.
However,
markets
out
west
and
in
once
red-hot
Florida
are
trending
well
below
average
growth,”
Luke
said.
“Tampa’s
decline
is
the
first
annual
drop
for
any
market
in
over
a
year.
Returns
for
the
Tampa
market
and
entire
Southern
region
rank
in
the
bottom
quartile
of
historical
annual
gains,
with
data
going
back
to
1988.” 

The


Federal
Housing
Finance
Agency’s
House
Price
Index
posted
a
similar
increase
in
November,
jumping
4.2%
annually,
according
to
data
released
Tuesday.
Like
the
Case-Shiller
index,
the
FHFA’s
data
shows
that
November
2024
marked
the
fourth
straight
month
in
which
the
year-over-year
growth
rate
was
lower
than
it
had
been
a
month
earlier.

“Annual
house
price
gains
continued
to
moderate
in
November,
with
sales
prices
in
all
nine
Census
divisions
exhibiting
slower
pace
of
growth
than
a
year
earlier,”
Anju
Vajja,
the
deputy
director
for
FHFA’s
division
of
research
and
statistics,
said
in
a
statement.
“The
slowdown
in
price
growth
is
likely
due
to
higher

mortgage
rates
contributing
to
cooling
demand.”