US Home Price Insights – November 2023
November 7, 2023
U.S. annual home price growth moved up to 4.5% in September, the highest appreciation recorded since early 2023.
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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.
U.S. annual home price growth moved up to 4.5% in September, the highest appreciation recorded since early 2023.
A healthy job market continues to boost mortgage performance, with serious delinquencies falling to a 24-year low in August.
While annual U.S. single-family rent increases continued to relax in August, tenants are still feeling the long-term pinch.
Annual U.S. home price growth regained steam again in August, with New England leading the charge.
U.S. mortgage performance remained on solid footing in July, with both overall delinquency and foreclosure rates continuing to hover near record lows.
U.S. annual single-family rent growth declined for the 15th straight month in July.