by Calculated Risk on 10/06/2025 09:52:00 AM
Today, in the Real Estate Newsletter: October ICE Mortgage Monitor: “Home Prices Firm” in September, Up 1.2% Year-over-year
Brief excerpt:
House Prices Up 1.2% Year-over-year
Here is the year-over-year in house prices according to the ICE Home Price Index (HPI). The ICE HPI is a repeat sales index. ICE reports the median price change of the repeat sales. The index was up 1.2% year-over-year in September, up from 1.0% YoY in August.
• Annual home price growth re-accelerated in early September following eight consecutive months of slowing ‒ rising to +1.2% from a revised +1.0% in August – as falling inventory met improved affordability from easing mortgage rates
• On a seasonally adjusted basis, prices rose by +0.17% in the month, equivalent to a seasonally adjusted annualized rate (SAAR) of +2.1%, suggesting the annual home price growth rate may tick modestly higher in coming months
• The bulk of the firming occurred among single family residences, which are up +1.5% from the same time last year, an increase from +1.3% in August
• The condo market remains soft, with prices down -1.8% from the same time last year, a modest improvement from -1.9% in August
• Only 20% of markets saw prices fall on a seasonally adjusted basis in September, the fewest in nine months and down from 55% just two months prior
There is much more in the article.
Source link
