Freddie Mac House Price Index Increased Slightly in April; Up 0.3% Year-over-year

Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased Slightly in April; Up 0.3% Year-over-year

A brief excerpt:

Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.3% month-over-month on a seasonally adjusted (SA) basis in April, putting the National FMHPI down 0.9% SA from its June 2022 peak, and down 1.2% Not Seasonally Adjusted (NSA) from the peak.

On a year-over-year basis, the National FMHPI was up 0.3% in April, from up 1.2% YoY in March.  The YoY increase peaked at 19.2% in July 2021. ...

In April, 22 states and D.C. were below their 2022 peaks, Seasonally Adjusted. The largest seasonally adjusted declines from the recent peak were in Nevada (-7.6%), Idaho (-7.2%), Utah (-6.2%), Arizona (-6.0%), Washington (-5.9%), D.C. (-5.5%), California (-5.3%), and Wyoming (-5.0%).

For cities (Core-based Statistical Areas, CBSA), here are the 30 cities with the largest declines from the peak, seasonally adjusted.

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