HOUSING PRICES - NORTHEAST
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NEW YORK MSA
HPI Price Walk:
2000 to Peak: Home prices more than doubled, or 12.0% annualized.
Peak to Trough: Decline of 27%, or (5.5)% annualized.
Trough to COVID: Home prices surging again; up 3.3% annualized.
COVID to Fed Tightening: Home prices surge 13.6% annualized.
Fed Tightening: Home prices rise 4.7% annualized.
Fed Pause to Current: Home prices rose 7.4% annualized.
BOSTON MSA
HPI Price Walk:
2000 to Peak: Home prices rose 82%, or 10.7% annualized.
Peak to Trough: Decline of 20%, or (6.4)% annualized.
Trough to COVID: Home prices surging again; up 4.0% annualized.
COVID to Fed Tightening: Home prices surge 15.0% annualized.
Fed Tightening: Home prices rise 1.4% annualized.
Fed Pause to Current: Home prices rose 4.6% annualized.