by Calculated Risk on 10/01/2025 11:59:00 AM
Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Up 1.6% Year-over-Year
A brief excerpt:
Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.10% month-over-month (MoM) on a seasonally adjusted (SA) basis in August. On a year-over-year (YoY) basis, the National FMHPI was up 1.6% in August, down from up 1.7% YoY in July. The YoY increase peaked at 19.2% in July 2021, and for this cycle, bottomed at up 1.1% YoY in April 2023. …
As of August, 20 states and D.C. were below their previous peaks, Seasonally Adjusted. The largest seasonally adjusted declines from the recent peaks are in Florida (-3.3), Arizona (-3.1%), New Mexico (-2.3%), D.C. (-2.1%) and Idaho (-1.8%).
For cities (Core-based Statistical Areas, CBSA), 186 of the 384 CBSAs are below their previous peaks.
Here are the 30 cities with the largest declines from the peak, seasonally adjusted. Punta Gorda has passed Austin as the worst performing city. Note that 4 of the 5 cities with the largest price declines are in Florida. And 15 of the 30 cities are in Florida.
Texas has the 2nd most CBSAs on the list.
As of August, 20 states and D.C. were below their previous peaks, Seasonally Adjusted. The largest seasonally adjusted declines from the recent peaks are in Florida (-3.3), Arizona (-3.1%), New Mexico (-2.3%), D.C. (-2.1%) and Idaho (-1.8%).There is much more in the article!
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