by Calculated Risk June 3, 2024 1:17 PM
Today’s Calculated Risk Real Estate Newsletter: Freddie Mac Home Price Index rose in April, up 6.5% year over year
Short excerpt:
On a year-on-year basis, the national FMHPI increased 6.5% in April, down from a 6.6% year-on-year increase in March. The year-on-year increase peaked at 19.1% in July 2021 and bottomed out for this cycle at a 0.9% year-on-year increase in April 2023….
As of April, nine states and D.C. are below their previous peaks on a seasonally adjusted basis. The largest seasonally adjusted declines from their recent peaks were in Idaho (-2.1%), Hawaii (-1.4%), Utah (-1.1%) and D.C. (-1.1%).
For cities (Core-Based Statistical Areas, CBSAs), here are the 30 cities with the largest seasonally adjusted declines from their peak: Austin continues to be the worst performing city.
