by Calculated Risk on 10/31/2023 03:59:00 PM
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.
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/