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Based on the Freddie Mac Home Worth Index, U.S. dwelling costs rose 0.1% through the seasonally tender window from December 2023 to January 2024.
On a year-over-year foundation, U.S. dwelling costs rose 6.1% between January 2023 and January 2024. Nationwide home costs as measured by Freddie Mac ended January 2024 up 1.6% above the 2022 summer time peak, and 42.6% above March 2020 ranges.
Each time a gaggle like Freddie Mac mentions U.S. dwelling costs, they’re referring to the nationwide mixture. Nevertheless, on a market-by-market degree, it may fluctuate considerably.
The chart beneath exhibits the 40 largest metro space markets the place dwelling costs are up essentially the most since their 2022 value peak.
Click here for a searchable chart with all 384 metros tracked by Freddie Mac.
The chart beneath exhibits the 40 largest metro space markets the place dwelling costs are down essentially the most since their 2022 value peak.
Huge image: When contemplating the Fed’s aggressive charge hikes and the truth that mortgage charges briefly crossed 8% in 2023, U.S. dwelling costs had been pretty resilient final yr. In markets the place dwelling costs fell, rising inventory levels alerted us forward of time.
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