“Even though mortgage rates remain elevated compared to the previous few years, the acute lack of housing supply remains supportive of home prices. Of course, the shortage of homes for sale is currently being exacerbated by the so-called ‘lock-in effect,’ which continues to disincentivize huge numbers of households with low mortgage rates from listing their homes.”
Fannie Mae’s HPI consists of seasonally adjusted and non-seasonally adjusted national indices designed to serve as indicators of general single-family home price trends. The index, first produced in 1975, is publicly available at the national level and is published mid-month during the first month of each new quarter.
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