bee Calculated Risk On 2/28/2025 10:47:00 AM
Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in January; Up 3.9% year-over-year
A letter excerpt:
Freddie Mac Reported that its “National” Home Price Index (FMHPI) increased 0.41% month-over month on a seasonally adjusted (SA) base in January. On a year-over-year base, the national fmhpi was up 3.9% in January, down from up 4.1% yoy in December. 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, 4 of the 6 cities with the largest price declines are in florida (and florida has 6 of the top 10 cities with the largest price declines).
There is much more in the article!