Month-over-Month Trends
Month-over-month, home prices saw slight declines on a non-seasonally adjusted basis. The U.S. National Index fell 0.1%, mirroring a similar drop in the 20-City Composite, while the 10-City Composite was flat. However, after seasonal adjustment, all indices recorded gains of 0.4%, suggesting underlying resilience in the market despite short-term corrections.
Insights from Key Markets
The Northeast emerged as the fastest-growing region with an average annual gain of 6.1%, propelled by robust performances in New York and Washington, D.C. Conversely, markets in the West and South displayed weaker trends. Tampa’s decline marks the first annual drop in any market in over a year, reflecting its cooling demand. Dallas and Denver also underperformed, registering year-over-year gains below 1%, underscoring broader regional disparities.
Market Forecast
The…
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