{"id":415575,"date":"2026-10-01T09:58:16","date_gmt":"2026-10-01T09:58:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/415575\/"},"modified":"2026-10-01T09:58:16","modified_gmt":"2026-10-01T09:58:16","slug":"freddie-mac-house-price-index-increased-in-august-up-2-2-year-over-year","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/415575\/","title":{"rendered":"Freddie Mac House Price Index Increased in August; Up 2.2% Year-over-year"},"content":{"rendered":"

Note: The Freddie Mac index is a repeat sales index using only loans purchased by Fannie and Freddie and includes appraisals. See FAQs here<\/a>. Freddie has data for all states and many cities. For house prices, I\u2019m currently following Case-Shiller, FHFA, ICE, the NAR median prices, and this Freddie Mac index.<\/p>\n

Freddie Mac reported that its \u201cNational\u201d Home Price Index (FMHPI)<\/a> increased 0.31% month-over-month (MoM) on a seasonally adjusted (SA) basis in August. <\/p>\n

On a year-over-year (YoY) basis, the National FMHPI was up 2.2% in August, up from up 1.9% YoY in July. The YoY increase peaked at 19.1% in July 2021, and for this cycle, and bottomed at up 1.0% YoY in January 2026.<\/p>\n

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The second graph shows the month-over-month (MoM) change in the national FMHPI, seasonally adjusted.<\/p>\n

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The FMHPI increased 0.31% MoM on a seasonally adjusted (SA) basis in July. <\/p>\n

Last year, the FMHPI decreased slightly in September, so the year-over-year change next month will likely be slightly higher than in August, however, in 2025 the last months of the year were fairly sold – and this year will likely be weaker.<\/p>\n

As of August, 15 states and D.C. were below their previous peaks, Seasonally Adjusted. The largest seasonally adjusted declines from the recent peaks are in D.C. (-2.3%), Washington (-2.2%), South Carolina (-1.8%) and Florida (-1.6%).<\/p>\n

For cities (Core-based Statistical Areas, CBSA), 158 of the 387 CBSAs are below their previous peaks.<\/p>\n

Here are the 30 cities with the largest declines from the peak, seasonally adjusted. Punta Gorda, Austin and Cape Coral has seen double digit price declines. Note that the top 6 cities with the largest price declines are in Florida and Texas.<\/p>\n

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Here is a comparison of year-over-year change in the FMHPI, median house prices from the NAR, and the Case-Shiller National index.<\/p>\n

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The FMHPI and the NAR median prices<\/a> (up 1.6% YoY in August) appear to be leading indicators for Case-Shiller. The Case-Shiller index was up 1.9%<\/a> YoY in July. The FMHPI is suggesting the Case-Shiller index will likely be up slightly more year-over-year in the August report compared to July.<\/p>\n

With higher mortgage rates and some increase in inventory, it is likely the year-over-year change will slow later this year.<\/p>\n

Thanks for reading CalculatedRisk Newsletter! This post is public so feel free to share it.<\/p>\n

Share<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Note: The Freddie Mac index is a repeat sales index using only loans purchased by Fannie and Freddie…\n","protected":false},"author":2,"featured_media":415576,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[209,211,210],"class_list":["post-415575","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cape-coral","tag-cape-coral","tag-cape-coral-headlines","tag-cape-coral-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/415575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=415575"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/415575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/415576"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=415575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=415575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=415575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}