In 2024, the Freddie Mac House Price Index revealed that U.S. single-family home prices rose by 3.9%, surpassing the general consumer price increase of 2.9%. Notably, Kingston, New York, saw the highest increase at 13.5%, whereas areas in Florida experienced significant declines, with Punta Gorda dropping by 8.6%. The article highlights varied real estate market performances, illustrating how some regions thrived while others suffered amidst market adjustments following previous spikes in housing prices.
In 2024, U.S. single-family home prices increased by 3.9%, whereas overall consumer prices rose by 2.9%, reflecting market trends despite economic pressures.
The Freddie Mac House Price Index indicated significant regional variations, with some areas experiencing dramatic increases, while others faced considerable declines in home prices.
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