US Home Price Insights – June 2023
June 6, 2023
U.S. home price growth continued to slow in April, dropping to 2% year over year.
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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 price growth continued to slow in April, dropping to 2% year over year.
The U.S. overall mortgage delinquency rate dropped to a new all-time low in March.
Annual U.S. rental cost growth continued to slow in March, with two Western metro areas posting declines.
Annual U.S. home price growth dropped to the lowest rate since 2012 in March.
U.S. mortgage performance remained solid in February, with the overall delinquency rate down for the 23rd straight month year over year.
All tracked U.S. metro areas saw single-digit annual rental price growth in February, ranging from 7.8% to 0.3%.