by Risk calculated on 03/31/2023 1:23:00 PM
Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac’s house price index drops for 8th consecutive month in February
A brief excerpt:
Freddie Mac reported that his “National” House Price Index (FMHPI) declined for the eighth consecutive month on a seasonally adjusted basis in February, pushing the national IMFPS down 2.5% from its June 2022 peak and 4.7% unadjusted (NSA) from the peak.
On an annual basis, the national IMFPI increased by 1.1% in February, compared to 2.9% year-on-year in January. The year-on-year increase peaked at 19.2% in July 2021. …
In February, 29 states and DC were below their seasonally adjusted 2022 highs. The largest seasonally adjusted declines from the recent high were seen in Idaho (-10.0%), Nevada (-8.4%), Washington (-7.5%) , Arizona (-7.1%), California (-6.9%), Utah (-6.8%). %), and DC (-6.7%).
…
For cities (Central Statistical Areas, ASFC), here are the 30 cities with the largest declines from the peak, seasonally adjusted.
There is a lot more in the article. You can register on https://calculatedrisk.substack.com/