A brief excerpt:
On a year-over-year basis, the National FMHPI was up 6.3% in November, from up 5.6% YoY in October. The YoY increase peaked at 19.1% in July 2021, and for this cycle, bottomed at up 0.9% YoY in April 2023. …
As of November, 9 states and D.C. were below their previous peaks, Seasonally Adjusted. The largest seasonally adjusted declines from the recent peak were in Idaho (-4.2%), Utah (-2.0%), Louisiana (-1.7%), and Colorado (-1.4%).
For cities (Core-based Statistical Areas, CBSA), here are the 30 cities with the largest declines from the peak, seasonally adjusted. Austin continues to be the worst performing city.
…
I’ll have an update on the House Price Battle Royale: Low Inventory vs Affordability soon.
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