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A new report from the NAHB’s Eye on Housing shows that house prices posted modest annual growth for Q3, 2024, however for the past two quarters this price growth has slowed. The NAHB says this has occurred while elevated mortgage rates have kept many potential home buyers away – even with additional inventory.
Between the third quarter of 2023 and the third quarter of 2024, all 50 states and the District of Columbia had positive house price appreciation, ranging from 1.2% to 8.8%. New Jersey and Connecticut topped the house price appreciation list with an 8.8% gain.
Click here to read the full report at the NAHB’s Eye on Housing.
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