by Calculated Risk on 4/02/2024 01:01:00 PM
Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in February; Up 5.9% Year-over-year
A brief excerpt:
On a year-over-year basis, the National FMHPI was up 5.9% in February, down from up 6.2% YoY in January. The YoY increase peaked at 19.1% in July 2021, and for this cycle, bottomed at up 0.9% YoY in April 2023. …
As of February, 17 states and D.C. were below their previous peaks, Seasonally Adjusted. The largest seasonally adjusted declines from the recent peak were in West Virginia (-3.1%), Idaho (-2.8%), North Dakota (-2.4%), Oregon (-1.8%), and Nevada (-1.5%).
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.