The largest seasonally adjusted declines from the recent peak were in Idaho (-9.6%), Arizona (-8.3%), D.C. were below their 2022 peaks, Seasonally Adjusted. The YoY increase peaked at 19.2% in July 2021. On a year-over-year basis, the National FMHPI was up 2.4% in January, down from 4.4% YoY in December. Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Declines for 7th Consecutive Month in JanuaryĪ brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) declined for the seventh consecutive month on a seasonally adjusted basis in January, putting the National FMHPI down 2.7% from its June 2022 peak, and down 5.3% Not Seasonally Adjusted (NSA) from the peak.
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