Part 2: Current State of the Housing Market; Overview for mid-January 2025
Yesterday, in Part 1: Current State of the Housing Market; Overview for mid-January 2025 I reviewed home inventory, housing starts and sales.
In Part 2, I will look at house prices, mortgage rates, rents and more.
These “Current State” summaries show us where we came from, where we are, and hopefully give us clues as to where we are going!
House Prices
The Case-Shiller National Index increased 3.6% year-over-year (YoY) in October and will be about the same YoY - or slightly higher - in the November report (based on other data).
The MoM increase in the seasonally adjusted (SA) Case-Shiller National Index was at 0.35% (a 4.2% annual rate), This was the 21st consecutive MoM increase in the seasonally adjusted index.
In Question #9 for 2025: What will happen with house prices in 2025? I discussed my outlook for house prices in 2025. A review …
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