U.S. Home Prices Dipped in November on Colder Weather - KTVN Channel 2 - Reno Tahoe News Weather, Video -

U.S. Home Prices Dipped in November on Colder Weather

Posted: Updated:

U.S. home prices fell slightly in November as colder weather slowed buying, ending nine straight months of price gains.
 
The Standard & Poor's/Case-Shiller 20-city home price index slipped 0.1% from October to November, partly reversing the previous monthly increase of 0.2%.
 
But home prices surged for much of 2013, driven by big gains earlier in the year. Prices have risen 13.7% over the past 12 months.
 
Dallas enjoyed its strongest annual gain since 2000. And Chicago home prices climbed at their strongest annual clip since December 1988.
 
The Case-Shiller index covers roughly half of U.S. homes. It isn't adjusted for seasonal variations. So the monthly decline partly reflects slower buying in the late fall as temperatures drop.

The November figures are the latest available. (AP)

  • Today's Top StoriesMore>>

  • Expert Says Ebola Threat is Low in Nevada

    Expert Says Ebola Threat is Low in Nevada

    Wednesday, August 20 2014 8:19 PM EDT2014-08-21 00:19:46 GMT
    A local expert on infectious diseases says the likelihood of Ebola spreading in Nevada or other parts of America are very low.More >>
    A local expert on infectious diseases says the likelihood of Ebola spreading in Nevada or other parts of America are very low.More >>
  • Sacramento Patient Being Tested for Ebola

    Sacramento Patient Being Tested for Ebola

    Wednesday, August 20 2014 8:03 PM EDT2014-08-21 00:03:31 GMT
    The California Department of Public Health says there's no confirmed cases of Ebola in the state. This comes as health officials say a low-risk patient is being tested and treated for the deadly virus in Sacramento.More >>
    The California Department of Public Health says there's no confirmed cases of Ebola in the state. This comes as health officials say a low-risk patient is being tested and treated for the deadly virus in Sacramento.More >>
  • Money Watch Q & A: Solar Power Savings

    Money Watch Q & A: Solar Power Savings

    Wednesday, August 20 2014 7:39 PM EDT2014-08-20 23:39:44 GMT
    How much is your roof worth with solar panels? We'll talk about profiting from your roof space and how you can earn cash back in tonight's Money Watch Q & A.More >>
    How much is your roof worth with solar panels? We'll talk about profiting from your roof space and how you can earn cash back in tonight's Money Watch Q & A.
    More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.