bee Calculated Risk On 1/31/2025 10:42:00 AM
Today, in the calculated Risk Real Estate Newsletter: Freddie Mac House Price Index increased in December; Up 4.0% Year-Over-Year
A letter excerpt:
Freddie Mac Reported that its “National” Home Price Index (FMHPI) increased 0.54% month-over-month on a seasonally adjusted (SA) basis in December. On a year-over-year base, the national fmhpi was up 4.0% in December, up from up 3.9% yoy in November. The yoy increase peaked at 19.0% in July 2021, and for this cycle, bottomed at up 0.9% yoy in may 2023. …
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. However, 6 of the 7 cities with the largest price declines are in florida (And Florida has 14 of the 30 cities with the largest price declines).
There is much more in the article!