S&P Index Rises as US Housing Market Remains Stable; FHFA Reports Slight Decline in January 2024

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At Extreme Investor Network, we pride ourselves on providing the latest and most valuable information on the Stock Market, trading, Wall Street, and more. Today, we’re diving into the recent data from the S&P CoreLogic Case-Shiller Index and the FHFA House Price Index to give you a comprehensive view of the housing market landscape.

S&P CoreLogic Case-Shiller Index Shows Resilience

The latest data from the S&P CoreLogic Case-Shiller Index is painting a positive picture for US home prices. In January 2024, three out of the twenty major metropolitan markets saw month-over-month price increases, signaling a continued trend of growth in certain sectors of the housing market. The National Home Price NSA Index reflected a 6.0% annual gain, with the 10-City and 20-City Composites also posting increases. San Diego led the way with an 11.2% year-over-year gain, reaffirming the strength of the market even in the face of challenges. Our experts at Extreme Investor Network are closely monitoring these trends to help you stay ahead of the curve.

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FHFA House Price Index: A Slight Dip

On the other hand, the FHFA House Price Index reported a marginal decline of 0.1% in January from December. While this may seem like a slight setback, the annual perspective remains strong with a 6.3% increase from the previous year. This dip aligns with the broader market recalibration we are currently seeing. Regional breakdowns show a mixed bag of results, with some divisions experiencing decreases while others are on the rise. However, the year-over-year data consistently shows positive growth across all nine census divisions, highlighting the resilience and long-term strength of the housing market. At Extreme Investor Network, we’re here to help you navigate these fluctuations with expert analysis and insights.

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