by Calculated Risk on 4/30/2025 12:45:00 PM
Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Mostly Unchanged in March; Up 3.0% Year-over-year
A brief excerpt:
Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.01% month-over-month on a seasonally adjusted (SA) basis in March. On a year-over-year basis, the National FMHPI was up 3.0% in March, down from up 3.4% YoY in February. The YoY increase peaked at 19.0% in July 2021, and for this cycle, bottomed at up 0.9% YoY in May 2023. …
As of March, 25 states and D.C. were below their previous peaks, Seasonally Adjusted. The largest seasonally adjusted declines from the recent peaks are in D.C. (-4.9), Oregon (-1.6%), Arkansas (-1.6%), Delaware (-1.3%), Idaho (-1.2%) and Oklahoma (-1.2%).
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, 10 of the 19 cities with the largest price declines are in Florida.
There is much more in the article!
