Freddie Mac House Price Index Increased in April; Up 6.5% Year-over-year
by Calculated Risk on 6/03/2024 01:17:00 PM
Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in April; Up 6.5% Year-over-year
A brief excerpt:
On a year-over-year basis, the National FMHPI was up 6.5% in April, down from up 6.6% YoY in March. 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 April, 9 states and D.C. were below their previous peaks, Seasonally Adjusted. The largest seasonally adjusted declines from the recent peak were in Idaho (-2.1%), Hawaii (-1.4%), Utah (-1.1%), and D.C. (-1.1%).
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.
