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Home prices continue to defy gravity “It ain’t over ’til it’s over” was never more true than the past few months, when real estate home price growth kept accelerating through the month of December and beyond, especially in the Northeast. Realtor.com’s Ken Griffith reports on how valuations remain surprisingly resilient as nationwide, home prices grew 3.9% in December from a year earlier — more than the 3.8% gain recorded in November, according to the latest S&P CoreLogic Case-Shiller Index data recently released. “The Northeast continued to lead all regions in growth, and home prices reached an all-time high in Boston, the only market where they did so for the three-month period that ended in December,” he says, with New York again reporting a 7.2% increase — the highest annual gain among the 20 largest cities. Chicago follows, with 6.6%; and Boston, at 6.3%. Balmy Tampa, FL, however, posted the lowest return, with prices falling 1.1% annually. Realtor.com’s Hannah Jones explains how regional variation in the housing market means that buyers across the country face vastly different market conditions. "Markets in the Midwest and Northeast continued to see substantial demand, resulting in sustained price growth in December, while the South and West continued to soften." Griffith also reports on how the index's composite of home prices in the 20 largest metro areas posted a year-over-year increase of 4.5%, up from a 4.3% increase in the previous month. But the continued expansion of home prices came in defiance of sluggish home sales, which were at a near 30-year low in 2024. High mortgage rates and affordability concerns pushed many buyers to the sidelines, leaving mostly the well-heeled or cash buyers to jump into the market. Reach out for more! Realtor, TBWS

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Clark Aliano

Branch Manager / Certified Mortgage Advisor

NMLS: NMLS ID: 252422

The Aliano Group at C2 Financial Corporation

2447 Pacific Coast Hwy, Ste 200, Hermosa Beach CA 90254

Company NMLS: 135622

Office: 800-363-5600

Cell: 310-430-0486

Email: Clark@TheAlianoGroup.com

Web: https://www.TheAlianoGroup.com