The pace of U.S. home-price growth continued to decelerate in November 2025, sliding to just 1% year over year — a 14-year low, Cotality said, citing its monthly Home Price Insights report. 

Month over month, price growth slid 0.1% from October 2025. Looking ahead, Cotality projects price growth will be 4.3% in November 2026 and flat in December 2025. 

Cotality expects renewed activity in the housing market when the spring selling season begins, thanks to a continued easing of interest rates, improved affordability and increased inventory. Nevertheless, Cotality cautioned, buyers in many regions may face continued competition for limited supply. 

“Looking ahead to 2026, regional differences will remain pronounced, with demand favoring areas that offer both economic opportunity and relative affordability,” Cotality Chief Economist Selma Hepp said. “If mortgage rates decline as expected, we could see renewed momentum in the spring, spurring increased competition among buyers and potentially driving a re-acceleration of price gains in markets with limited inventory.”