Graph and download economic data for All-Transactions House Price Index for Nassau County-Suffolk County, NY (MSAD) (ATNHPIUS35004Q) from Q3 1975 to Q4 2024 about Nassau, appraisers, NY, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for All-Transactions House Price Index for Suffolk County, NY (ATNHPIUS36103A) from 1975 to 2024 about Suffolk County, NY; New York; NY; HPI; housing; price index; indexes; price; and USA.

The U.S. housing market has slowed, after 13 consecutive years of rising home prices. In 2021, house prices surged by an unprecedented 18 percent, marking the highest increase on record. However, the market has since cooled, with the Freddie Mac House Price Index showing more modest growth between 2022 and 2024. In 2024, home prices increased by 4.2 percent. That was lower than the long-term average of 4.4 percent since 1990. Impact of mortgage rates on homebuying The recent cooling in the housing market can be partly attributed to rising mortgage rates. After reaching a record low of 2.96 percent in 2021, the average annual rate on a 30-year fixed-rate mortgage more than doubled in 2023. This significant increase has made homeownership less affordable for many potential buyers, contributing to a substantial decline in home sales. Despite these challenges, forecasts suggest a potential recovery in the coming years. How much does it cost to buy a house in the U.S.? In 2023, the median sales price of an existing single-family home reached a record high of over 389,000 U.S. dollars. Newly built homes were even pricier, despite a slight decline in the median sales price in 2023. Naturally, home prices continue to vary significantly across the country, with West Virginia being the most affordable state for homebuyers.

Graph and download economic data for All-Transactions House Price Index for New York (NYSTHPI) from Q1 1975 to Q4 2024 about appraisers, NY, HPI, housing, price index, indexes, price, and USA.