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Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in September to New High; Up 5.2% Year-over-year
A brief excerpt: On a year-over-year basis, the National FMHPI was up 5.2% in September, from up 4.3% YoY in August. The YoY increase peaked at 19.1% in July 2021, and for this cycle, bottomed at up 0.9% in May 2023. …
In August, 10 states and D.C. were below their previous peaks, Seasonally Adjusted. The largest seasonally adjusted declines from the recent peak were in Idaho (-3.1%), Utah (-3.0%), Nevada (-2.3%), and Arizona (-1.8%).
For cities (Core-based Statistical Areas, CBSA), here are the 30 cities with the largest declines from the peak, seasonally adjusted. Austin continues to be the worst performing city.
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I’ll have an update on the House Price Battle Royale: Low Inventory vs Affordability soon.There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/
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