by Calculated Risk on 7/14/2025 11:26:00 AM
Today, in the Calculated Risk Real Estate Newsletter: Will House Prices Decline Nationally in 2025?
A brief excerpt:
Most forecasts for 2025 were for U.S. house prices to increase modestly in the 3% to 4% range. My early view was “mostly flat prices nationally in 2025” with some areas seeing price declines. I didn’t expect either a crash in prices or a surge in prices.
With inventory increasing, year-over-year (YoY) price growth has slowed nationally, and declining in many areas. The following table shows the YoY price slowdown. Note that the median price is impacted by the mix of homes sold.
The seasonally adjusted Case-Shiller National Index is essentially unchanged year-to-date (YTD). The index was at 327.81 in December 2024 and was at 327.90 in the April report.
And the Freddie Mac HPI SA is down slightly YTD. The index was at 299.29 in December, and is now at 297.69, a decline of 0.5%.
Other measures are also indicating a slowdown in the YoY growth, but not a collapse in prices.
There is much more in the article.
