Home prices hit their ninth record high in the last year despite appreciation continuing to trend down. Prices were up 5.4% YOY in June, down from May’s 5.9% but still elevated, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index. Month-over-month, national prices rose 0.2% after seasonal adjustment, down 0.1% from the month…
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…
Annual single-family home prices rose by 19.4% in Q2 2022. This is down from Q1’s upwardly revised 20.5% but still close to a record high, according to Fannie Mae’s latest Home Price Index. On a quarterly basis, home prices increased by 4.3% between Q1 and Q2. “Home prices maintained a near-historic pace of appreciation in…
Home prices rose by 20.9% YOY in March, setting another record and marking the 122nd consecutive month of YOY home price increases nationally, according to CoreLogic’s Home Price Index (HPI) and HPI Forecast. Home prices were up 3.3% from the month prior. The annual appreciation of detached properties (22%) was 4% higher than that of…
The Fannie Mae Home Price Index (FNM-HPI) rose to its fastest annual pace ever on record in Q1 2022, measuring 20% YOY, the company reported. This is up from an annualized rate of 19.1% in Q4 2021, the fastest pace in the index’s 47-year history. Seasonally adjusted home prices rose 4.8% from last quarter. The…
Home prices rose 17.5% year-over-year in Q4 2021 and 3.3% from Q3 2021, according to the Federal Housing Finance Agency’s House Price Index (FHFA HPI). Home prices were up 1.2% from November to December. Home prices increased in every state between Q4 2020 and Q4 2021, with the highest appreciation in Arizona (27.4%), Utah (27.1%),…
Home prices across the country rose 1.1% month-over-month in November and 17.5% year-over-year, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). For the nine census divisions, seasonally adjusted monthly house price changes ranged from +0.5 percent in the West North Central division to +1.9 percent in the South Atlantic division….
Mortgage loan application volume dropped 2.7% from the week ending December 31, the Mortgage Bankers Association’s (MBA) weekly survey reported. MBA adjusted the results to account for the holidays. The adjusted Market Composite Index, a measure of mortgage loan application volume, fell 2.7%. The adjusted purchase index fell 4%, while the unadjusted purchase index fell…
Home prices across the country climbed 18.1% year-over-year (YOY) in November 2021, according to CoreLogic’s Home Price Index (HPI) Report. This is the highest annual growth since at least 1976 when the HPI began. For comparison, the annual growth in November 2020 was 8.1%. Home price growth, which is calculated against the median national home…
Home prices rose 1.4% in July, according to the Federal Housing Finance Agency’s House Price Index (FHFA HPI). Year-over-year house prices are up 19.2%. For the nine census divisions, seasonally adjusted monthly house price changes rose 0.8% in the West North Central division and fell 1.9% in the South Atlantic division. The West North Central…
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