The S&P CoreLogic Case-Shiller Index slowed for the third consecutive month in November, posting a 18.8% increase year over year, which was down from the 19.03% increase the month prior.
While slower than the year over year growth for October, the high double-digit increase for November illustrated continued strength in prices despite higher mortgage rates, affordability constraints and continued lack of supply.
"Coming into 2022, most housing market indicators, such as pending sales, list-to-price ratios and inventory levels, continue to suggest robust demand and worsening inventory levels than we saw at this time in 2021," according to CoreLogic.
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