This searchable chart shows the home price change in America's 384 largest housing markets

According to the Freddie Mac House Price Index, U.S. home prices rose +0.1% during the seasonally soft window between December 2023 and January 2024.

On a year-over-year basis, U.S. home prices rose +6.1% between January 2023 and January 2024. National house prices as measured by Freddie Mac ended January 2024 up +1.6% above the 2022 summer peak, and +42.6% above March 2020 levels.

Whenever a group like Freddie Mac mentions U.S. home prices, they are referring to the national aggregate. However, on a market-by-market level, it can vary significantly.

The chart below shows the 40 largest metro area markets where home prices are up the most since their 2022 price peak.

Click here for a searchable chart with all 384 metros tracked by Freddie Mac

The chart below shows the 40 largest metro area markets where home prices are down the most since their 2022 price peak.

Click here for a searchable chart with all 384 metros tracked by Freddie Mac

Big picture: When considering the Fed’s aggressive rate hikes and the fact that mortgage rates briefly crossed 8% in 2023, U.S. home prices were fairly resilient last year. In markets where home prices fell, inventory levels alerted us ahead of time.

Steve Harney, founder of Keeping Current Matters, passed away on Sunday at the age of 68.

Not only was Steve an immensely successful real estate entrepreneur and thought leader, but he was also one of the kindest and most passionate men I've ever met.

A few months ago, when I launched ResiClub, Steve reached out. We talked for almost three hours, during which he imparted a lot of entrepreneurial and life advice. Honestly, it's some of the best advice I've ever received.

If you zoom out, homeownership has added an immense amount of value—financial and non-financial—in tens of millions of Americans’ lives over the decades. Steve excelled at providing that big picture view.

Last week, Steve tweeted: 2 Thessalonians 3:13 “And as for you, brothers and sisters, never tire of doing what is good.”

Steve did a lot of "good."

This weekend, ResiClub PRO members will get a deep dive looking at the single-family build-for-rent pipeline across the country.