by Calculated Risk on 2/28/2025 10:47:00 AM
Friday, February 28, 2025
Freddie Mac House Price Index Increased in January; Up 3.9% Year-over-year
Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in January; Up 3.9% Year-over-year
A brief excerpt:
Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.41% month-over-month on a seasonally adjusted (SA) basis in January. On a year-over-year basis, 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. ...There is much more in the article!
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).