by Calculated Risk on 9/30/2024 02:17:00 PM

Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased Slightly in August; Up 3.7% Year-over-year

A brief excerpt:

Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.11% month-over-month on a seasonally adjusted (SA) basis in August. On a year-over-year basis, the National FMHPI was up 3.7% in August, down from up 4.5% YoY in July.  The YoY increase peaked at 19.1% in July 2021, and for this cycle, bottomed at up 0.9% YoY in May 2023. …

Over the last 6 months, the seasonal adjusted index has increased at a 1.5% annual rate

As of August, 15 states and D.C. were below their previous peaks, Seasonally Adjusted. The largest seasonally adjusted declines from the recent peak were in Louisiana (-2.5%), Arkansas (-2.1%), D.C. (-2.0), Florida (-1.9%), Texas (-1.5%), and Idaho (-1.1%).

For cities (Core-based Statistical Areas, CBSA),

Keep reading this article on Bill McBride - Calculedriskblog.

Leave a Reply