How Much Did Home Prices Cool Last Year?

  In 2021, home prices set a record. According to the S&P Case-Shiller Home Price Indices, they were 19 percent higher than they were the year before. That was the largest annual home price gain in the 35-history of S&P's index. Last year, though, prices slowed, and with S&P's latest release we know just how much. The index found that, after peaking in June, home prices ended the year up 5.8 percent from the previous year.   Craig J. Lazzara, managing director at S&P, says prices started cooling halfway through 2022. “The cooling in home prices that began in June 2022 continued through year end, as December marked the sixth consecutive month of declines for our National Composite Index,” Lazzara…

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