For the third consecutive month, home prices in the United States in October climbed at a lower rate than months previously. The rate in San Franciso was 18.5% for October as opposed to 21.9% in July. Overall, only six of the twenty major markets saw an increase according to the S&P CoreLogic Case-Shiller 20-city home price index.
Many analysts see home price growth to continue to slow in the months ahead. Others ay that more data is needed to determine whether the current surge in locational preferences due to the pandemic is permanent or a short-term anomoly.
Meanwhile the National Association of Realtors reported that sales of previously occupied homes rose for the third straight month in November.