Home prices kept growing in January, but there are signs of a slowing market ahead [Yahoo! Finance Canada]

S&P Global Inc. (SPGI)
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Source: Yahoo! Finance Canada
2 min read Home prices rose in January, but the pace of that growth slowed, reflecting a softening in the real estate market in the back half of 2024. The S&P CoreLogic Case-Shiller National Home Price Index, a closely watched price benchmark, jumped 4.1% from a year earlier, just ahead of December's 4% gain, according to new data released Tuesday. Home prices in 20 metro areas rose 4.7% year over year, compared with a 4.5% annual increase in December. But much of the gains nationwide came in the first half of 2024. In the second half, home prices fell slightly, on average. “Rising mortgage rates throughout the year elevated monthly payment burdens, which, combined with already high home prices, pushed affordability to multi-decade lows in
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