AllPennyStocks.com Big Apple Drives U.S. Home Prices Higher

Big Apple Drives U.S. Home Prices Higher

Big Apple Drives U.S. Home Prices Higher By: Tomas Ronolski - AllPennyStocks.com News

Friday, January 31, 2025

Home prices rose across the United States in November, driven by purchases in New York City. According to the S&P CoreLogic Case-Shiller National Home Price Index, there was a 3.8 percent annual increase in November 2024, higher than the 3.6 percent annual rise seen in October 2024.

Among the 20 cities surveyed, the Big Apple again reported the highest annual gain, surging 7.3 percent in November. Chicago and Washington, D.C. rose 6.2 percent and 5.9 percent, respectively. Meanwhile, Florida’s market continued to cool, with Tampa posting the lowest return. Tampa prices fell 0.4 percent, the first annual drop for any market in more than a year in once-hot Florida.

The Case-Shiller index measures repeat-sales data and reports on a two-month delay, reflecting a three-month moving average. Homes usually go under contract a month or two before they close, therefore, November data are based on purchase decisions made earlier in 2024.


Copyright © 2025 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Other Penny Stock Movers

Shares Of Micro Cap Miner Surging On Impressive Drilling Results
Big Apple Drives U.S. Home Prices Higher
“Genius” Partnership Sends Shares of This Next-Gen AI Firm Higher
Most Popular


Back to Top