Housing Prices - Northeast — Banking Strategist

HOUSING PRICES - NORTHEAST

(Click on an image to open larger view)

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 7.8% annualized.

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 5.5% annualized.