Part 2: Current State of the Housing Market; Overview for mid-December 2024 - InvestingChannel

Part 2: Current State of the Housing Market; Overview for mid-December 2024

Today, in the Calculated Risk Real Estate Newsletter: Part 2: Current State of the Housing Market; Overview for mid-December 2024

A brief excerpt:

Earlier this week, in Part 1: Current State of the Housing Market; Overview for mid-December 2024 I reviewed home inventory, housing starts and sales.

In Part 2, I will look at house prices, mortgage rates, rents and more.

Case-Shiller House Prices IndicesThe Case-Shiller National Index increased 3.9% year-over-year (YoY) in September and will be about the same YoY in the October report (based on other data).

Other measures of house prices suggest prices will be up about the same YoY in the October Case-Shiller index as in the September report. The NAR reported median prices were up 4.0% YoY in October, up from 3.6% YoY in September.

ICE reported prices were up 3.0% YoY in October, up from 2.9% YoY in September, and Freddie Mac reported house prices were up 3.7% YoY in October, down from 3.8% YoY in September.

There is much more in the article.

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