by Calculated Risk on 2/07/2023 11:20:00 AM
Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Declines for 7th Consecutive Month in December
A brief excerpt:
On a year-over-year basis, the National FMHPI was up 4.1% in December, down from 6.0% YoY in November. The YoY increase peaked at 19.3% in July 2021.
In December, 36 states and D.C. were below their 2022 peaks in December, Seasonally Adjusted. The largest seasonally adjusted declines from the recent peak were in Arizona (-8.5%), Idaho (-7.2%), Nevada (-6.8%), Washington (-6.7%), California (-6.3%), Utah (-5.4%), and Colorado (-5.2%).
Based on the recent trend, this index will be negative year-over-year in March.
There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/