Part 2: Current State of the Housing Market; Overview for mid-March 2025

Earlier this week, in Part 1: Current State of the Housing Market; Overview for mid-March 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!

NOTE: I started the year taking the approach of Fed Chair Powell, a “wait and see” approach on what policies would actually be enacted. Now I’m trying to understand the impact of policy changes on housing. It appears building costs will increase significantly, and demand for housing will likely decline. I’ll have more soon.

House Prices

The Case-Shiller National Index increased 3.9% year-over-year (YoY) in December and will be about the same YoY - or slightly higher - in the January report (based on other data).

The MoM increase in the seasonally adjusted (SA) Case-Shiller National Index was at 0.46% (a 5.7% annual rate), This was the 23rd 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 …

The following content is for paid subscribers only. Thanks to all paid subscribers!