Lawler: Freddie Mac “National” Home Price Index Down Again in November; Rents Continued to Slide

Lawler: “Best guess” is that the national apartment rent index will decline by about 4% in 2023.

From housing economist Tom Lawler:

Freddie Mac House Price Index (FMHPI®)

Freddie Mac recently reported that its “National” Home Price Index (FMNHPI) declined for the fifth straight month on a seasonally adjusted basis in November, putting the FNNHPI down 2.06% from its June 2022 peak.  Compared to a year earlier the November FMNHPI was up 6.27%, down fro…