Tag Archives: Annual Growth Rate

A total of 10 states saw annual home price growth decline from one year ago, most of them in the West.

"As expected, the annual rate of increase in home prices has slowed dramatically in response to the rapid and significant increase in interest rates," said Doug Duncan, SVP and Chief Economist at Fannie Mae.

Black Knight forecasts that the annual growth rate is expected to fall below zero percent nationwide by April.

“Following the recent mortgage rate surge above 7%, real estate activity and consumer sentiment regarding the housing market took a nosedive,” said Selma Hepp, Interim Lead of the Office of the Chief Economist at CoreLogic.

After more than a year of double-digit yearly rent gains, the U.S. median rental price in September posted its smallest year-over-year increase since last summer, further declining from its peak in July 2022.

The housing market has been growing at a consistent pace, but it will take another five years for it to emerge from the shadow of the Great Recession, ...