S&P Dow Jones Indices, part of S&P Global, said U.S. home-price growth slowed to a 1.3% year-over-year gain in December 2025 on the S&P Cotality Case-Shiller National Index, marking the weakest full-year increase since 2011. The report said inflation outpaced home-price appreciation from mid-2025, pushing real home-price returns negative, while regional performance diverged sharply as Midwest and Northeast metros such as Chicago and New York led gains and several Sun Belt markets posted declines. S&P also noted data-recording delays in Detroit’s Wayne County prevented a valid December update for the Detroit index.
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