US Home Price Insights – March 2024
U.S. annual home price growth moved up to 5.8% in January.
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The Office of the Chief Economist works on critical research and insights to gauge the temperature of the housing market as a whole. From home price analyses to home equity, from loan performance to single family rent evaluations, they keep tabs on the movement and fluctuation of bellwether metrics that can inform the trajectory of the housing economy–and consequently affect the homeowners who participate in it.
U.S. annual home price growth moved up to 5.8% in January.
U.S. mortgage delinquency and foreclosure rates remained on solid footing as 2023 came to an end.
U.S. annual rent growth was 2.8% in December, with expensive metro areas again leading the gains.
The median home sales price in the six-county Southern California region was up by 5.1% year over year in December.
Annual U.S. home price growth continued to gradually increase in December, fueled by a healthy job market.
A healthy job market continued to contribute to strong mortgage performance in November, with delinquency and foreclosure rates still near historic lows.