US Homes Still Expensive, But Main Street Gains $40k In Purchasing Power

If you're looking to buy a home in the US (or in any advanced economy, for that matter), there's bad news: Property's expensive as hell. And if you're under, say, 40, financing costs probably seem draconian, even as a longer lookback shows mortgage rates really aren't anomalous. Against that all too familiar backdrop, US home prices posted their largest YoY gain of 2023 in November, lagged data released on Tuesday showed. The 5.4% increase on the Case-Shiller 20-City gauge counted as the fi