US Home Price Insights – January 2024
U.S. home prices grew by 5.2% year over year in November, with the Northeast again leading the gains.
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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. home prices grew by 5.2% year over year in November, with the Northeast again leading the gains.
Overall mortgage delinquency rates, serious delinquency rates and foreclosures all remained near historic lows in October.
U.S. single-family rent growth continued to decelerate in October, but tenants are still feeling the budget pressure.
U.S. homeowners with a mortgage saw equity gains rebound in the third quarter, in part thanks to recent price growth.
U.S. home price growth moved up again in October on an annual basis, with Northeastern states again posting the highest appreciation.
Although 15 states saw small overall mortgage delinquency rates increase annually in September, national performance remains strong.