Prices improved 5.1% annually, the latest Case-Shiller report indicates, but a small dip between October and November ended a streak of monthly gains.
Even as mortgage rates surged to nearly 8% in the fall, home prices continued to rise in November after hitting record highs the month before.
According to the latest Case-Shiller report, the national index posted a 5.1% annual gain in November — the fifth consecutive month of year-over-year increases. The October index saw a 4.8% annual increase, while national home prices rose 3.9% between September 2022 and September 2023.