Annual home price appreciation continued to slow in July as the affordability crisis kept the housing market locked. First American’s Home Price Index report found that prices were up 0.3% month-over-month and 5.3% year-over-year. The report tracks home price changes less than four weeks behind real-time at the national, state, and metropolitan levels. This is…
Single-family home price growth slipped in the second quarter of 2024, reflecting a slowly shifting market dynamic. Prices rose 6.9% from Q2 2023 to Q2 2024, down from Q1’s revised YOY growth of 7.3%, according to Fannie Mae’s Home Price Index. Quarter to quarter, prices were up 1.3% after seasonal adjustment, down from a 2%…
By SCOTT KIMBLER Home price appreciation will continue to climb throughout 2024, according to the latest analysis by leaders at AEI Housing Center. Tobias Peter, co-director and senior fellow at AEI, spoke during a presentation earlier this month and said even though purchase volume is down, data suggests home price appreciation will rise over the…
Annual home price appreciation continued its upward trend in January, though signs of moderation are shining through on a monthly basis. Prices were up 6% YOY, an increase from December’s 5.6% gain and the fastest annual rate since 2022, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index. San Diego once again reported…
Home prices surged again in the third quarter as home shoppers butted heads because of low inventory. Annual single-family home price growth increased annually and quarterly from Q3 2022 to Q3 2023, according to Fannie Mae’s Home Price Index. Price growth rose 2% quarter-over-quarter and was up 5.3% YOY, showing home price appreciation remains resilient…
As home prices continue to rise across the country, New England is a hot spot for year-over-year gains. CoreLogic’s national Home Price Index increased for the 139th consecutive month in August, up 3.7% YOY, the biggest gain since February 2023. Prices are now 42% higher than in March of 2020, when the pandemic began. Massachusetts’…
Mortgage applications fell last week, stepping back after a spike as rates reached 20-year highs. The Mortgage Bankers Association’s weekly survey shows the adjusted Market Composite Index – a measure of mortgage loan application volume – declined by 1.3%, down from the week prior’s 5.4% increase. Adjusted purchase applications sank by 2%, while the unadjusted…
Data released today shows annual home price gains were stagnant in June but continue heating up in the short term, with month-over-month prices rising. Year-over-year, prices remained unchanged after slipping 0.4% the prior month, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index. Prices were up 0.9% month-over-month before seasonal adjustment and 0.7%…
Home price appreciation is back to breaking records after a period of declines, pushing homeownership further out of reach for many Americans. Black Knight’s Home Price Index hit an all-time high in June for both seasonally adjusted and unadjusted levels, up 0.67% from May and 0.8% YOY. This is a serious comeback after 14 straight…
Competition has returned full force to the housing market as demand for limited inventory sends home prices soaring. Black Knight’s latest Home Price Index hit a new record in May, with prices up 0.7% month-over-month and 8.9% YOY. This is the fifth consecutive month of gains. Many markets experienced home price declines in the last few…
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