Tag Archives: home price growth

According to the Federal Housing Finance Agency, a new report revealed that appraisers underutilize time adjustments for local house price growth, but what does this mean for the industry?

After interviewing over 100 highly placed and senior housing experts, most were positive and optimistic about future home price growth during calendar years 2024 and 2025.

A new report reveals how much the average single-family home appreciated year-over-year during Q3 2023, trumping gains seen during Q2 by a modest clip according to the Federal Housing Finance Agency’s House Price Index.

According to the November 2023 ICE Mortgage Monitor Report, purchase-mortgage applications declined nearly 50% below pre-pandemic levels, with annual home price growth experiencing the weakest monthly gain since January. Read on to learn how sky-high mortgage rates continue to make life difficult for would-be homebuyers.

"The housing market is stabilizing after the turbulence of the pandemic, but the effects will be with us for a long time," said Zillow Senior Economist Jeff Tucker.

“While the continued imbalance between buyers and sellers continues to pressure home prices, June’s annual bump in price growth echoes economic resiliency, a thriving U.S. job market, and strong consumer spending,” said Selma Hepp, CoeLogic Chief Economist.

As reported by Realtor.com, home prices rose by 0.9% in May 2023, landing below numbers during pandemic and going further back to 2016.

While annual home price growth fell to lows not seen in a decade, growth still increased for the 134th consecutive month in March 2023.

Even though home price growth has fallen into the single digits, January posted positive gains for the one-hundred and thirty-second consecutive month.

According to the Realtor.com Monthly Housing Trends Report for December, inventory closed out the year up by 55% but remains below historic levels.