The October reading was revised to show a 4.2 percent year- to-year advance from a previously reported 4.3 percent gain.
Home prices adjusted for seasonal variations climbed 0.6 percent in November from the prior month, matching October’s increase. That compares with the Bloomberg survey median of a 0.7 percent rise.
San Francisco
The month-over-month gain was led by San Francisco, followed by Minneapolis.
Unadjusted prices in the 20 cities fell 0.1 percent in November from the previous month. Property values typically fall during this time of year.
The year-over-year gauge provides better indications of trends in prices, the group has said. The panel includes Karl Case and Robert Shiller, the economists who created the index. Year-over-year records began in 2001.
“There are a lot of good signs,” Case said in an interview on Bloomberg Radio with Tom Keene. Nonetheless, “there’s a long way to go before we would declare victory over this housing market.”
Nineteen of the 20 cities in the index showed a year-over- year gain, led by a 22.8 percent jump in Phoenix and a 12.7 percent increase in San Francisco.
New York
New York was the only city to show decreases both month to month and year to year. Over the 12-month period, values in the city decreased 1.2 percent.