US Home Price Insights – March 2023
Home price gains kept falling in January 2023, down to 5.5% nationwide.
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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.
Home price gains kept falling in January 2023, down to 5.5% nationwide.
Housing affordability is essential, but more affordable homes are located outside of major metros. Are they accessible?
The U.S. overall mortgage delinquency rate remained low in December 2022, though 65 metro areas saw annual upticks.
Single-family rent prices were still up by about 6% year over year in December 2022, but increases keep cooling.
U.S. home prices continued to slow on a year-over-year basis in December 2022, moving down to 6.9%.
While the overall U.S. mortgage delinquency rate declined year over year in November, 18 metros saw at least slight upticks.