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FX.co ★ US House Price Growth Slows in November, Continues Downward Trend

US House Price Growth Slows in November, Continues Downward Trend

The US House Price Index recorded a further deceleration in growth this past November, with the rate of increase slowing to 4.2% compared to the same month the previous year. This represents a slight drop from October's year-over-year growth figure of 4.5%. The data, updated on January 28, 2025, underscores continuing moderation in the once red-hot US housing market.

The previous figures from October indicated a 4.5% increase in house prices compared to October 2023, showcasing a trend of easing price momentum. These fluctuations in the housing market reflect broader economic adjustments as the sector adapts to shifting interest rates and changing consumer demand.

Analysts predict this trend of slowing house price growth may persist in the coming months, driven by factors such as changes in mortgage rates and potential shifts in housing demand. Stakeholders in the housing industry, from builders and real estate agents to potential homebuyers, will continue to closely monitor these trends and adjust their strategies accordingly.

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