"US Housing Market: Cooling Prices Persist in 6 Cities Despite Overall Growth"

The S&P CoreLogic Case-Shiller Home Price Index for November 2023 shows a slight dip in the overall home price index for the 20 metros, forming a double-top after a significant surge. Some metros experienced new highs, while others saw big price drops from their 2022 peaks. San Francisco, Seattle, Portland, Denver, and Las Vegas are among the cities with notable declines, while New York, Boston, and Miami set new highs. The "most splendid housing bubbles" are identified based on home price inflation since 2000, with Miami leading the list. The Case-Shiller Index uses the "sales pairs" method to compare sales of the same houses over time, providing a reliable measure of home price inflation.