House prices growth in France is expected to slow down until 2023, according to a July 2022 forecast by the banking group Groupe BCPE. In 2021, the average house price increased by over seven percent. In 2022, this figure is set to decrease to four percent and in 2023, house prices are expected to fall by three percent. Some of the factors cited by the source are the worsening economic conditions, rising interest rates, and the energy transition. About 4.8 million homes in France have an energy performance F or G which are likely to face additional renovation costs to be rented. From 2023 onwards, properties with these scores can no longer be rented and to be sold, the owner needs to perform an energy audit. This, along with more regulations to come in force in the coming years, is likely to impact the price development for vintage properties.

The average sales price of new homes in the United States experienced a slight decrease in 2024, dropping to 512,2000 U.S. dollars from the peak of 521,500 U.S. dollars in 2022. This decline came after years of substantial price increases, with the average price surpassing 400,000 U.S. dollars for the first time in 2021. The recent cooling in the housing market reflects broader economic trends and changing consumer sentiment towards homeownership. Factors influencing home prices and affordability The rapid rise in home prices over the past few years has been driven by several factors, including historically low mortgage rates and increased demand during the COVID-19 pandemic. However, the market has since slowed down, with the number of home sales declining by over two million between 2021 and 2023. This decline can be attributed to rising mortgage rates and decreased affordability. The Housing Affordability Index hit a record low of 98.1 in 2023, indicating that the median-income family could no longer afford a median-priced home. Future outlook for the housing market Despite the recent cooling, experts forecast a potential recovery in the coming years. The Freddie Mac House Price Index showed a growth of 6.5 percent in 2023, which is still above the long-term average of 4.4 percent since 1990. However, homebuyer sentiment remains low across all age groups, with people aged 45 to 64 expressing the most pessimistic outlook. The median sales price of existing homes is expected to increase slightly until 2025, suggesting that affordability challenges may persist in the near future.

Key information about House Prices Growth

• US house prices grew 5.2% YoY in Sep 2024, following an increase of 6.2% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1992 to Sep 2024, with an average growth rate of 5.5%.
• House price data reached an all-time high of 17.7% in Sep 2021 and a record low of -12.4% in Dec 2008.

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.

House Price Index YoY in the United States remained unchanged at 4.80 percent in January. This dataset includes a chart with historical data for the United States FHFA House Price Index YoY.

Key information about House Prices Growth

• Morocco house prices grew 0.8% YoY in Dec 2024, following a decrease of 0.4% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2007 to Dec 2024, with an average growth rate of 0.3%.
• House price data reached an all-time high of 7.6% in Mar 2017 and a record low of -6.0% in Dec 2021.

Graph and download economic data for Median Sales Price of Houses Sold for the United States (MSPUS) from Q1 1963 to Q4 2024 about sales, median, housing, and USA.

Key information about House Prices Growth

• China house prices dropped 4.1% YoY in Dec 2024, following a decrease of 4.8% YoY in the previous month.
• YoY growth data is updated monthly, available from Mar 1999 to Dec 2024, with an average growth rate of 7.4%.
• House price data reached an all-time high of 25.0% in Feb 2010 and a record low of -12.6% in Apr 1999.

About 20 percent of home buyers in the United States in 2021 purchased homes that cost 500,000 U.S. dollars or more. The share of home buyers generally reduced as the house prices decreased. The largest share of purchases fell in the 200,000 to 249,999 and 250,000 to 299,999 price classes, which was below the national average sales price for existing homes.

Key information about House Prices Growth

• Germany house prices dropped 0.7% YoY in Sep 2024, following a decrease of 2.5% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2001 to Sep 2024, with an average growth rate of 2.2%.
• House price data reached an all-time high of 12.8% in Sep 2021 and a record low of -10.3% in Sep 2023.

House prices grew year-on-year in most states in the U.S. in the third quarter of 2024. The District of Columbia was the only exception, with a decline of three percent. The annual appreciation for single-family housing in the U.S. was 0.71 percent, while in Hawaii—the state where homes appreciated the most—the increase exceeded 10 percent. How have home prices developed in recent years? House price growth in the U.S. has been going strong for years. In 2024, the median sales price of a single-family home exceeded 413,000 U.S. dollars, up from 277,000 U.S. dollars five years ago. One of the factors driving house prices was the cost of credit. The record-low federal funds effective rate allowed mortgage lenders to set mortgage interest rates as low as 2.3 percent. With interest rates on the rise, home buying has also slowed, causing fluctuations in house prices. Why are house prices growing? Many markets in the U.S. are overheated because supply has not been able to keep up with demand. How many homes enter the housing market depends on the construction output, whereas the availability of existing homes for purchase depends on many other factors, such as the willingness of owners to sell. Furthermore, growing investor appetite in the housing sector means that prospective homebuyers have some extra competition to worry about. In certain metros, for example, the share of homes bought by investors exceeded 20 percent in 2024.

Housing Index in Hong Kong decreased to 136.48 points in March 9 from 137.46 points in the previous week. This dataset provides - Hong Kong House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Buffalo-Niagara Falls, NY - All-Transactions House Price Index for Buffalo-Cheektowaga, NY (MSA) was 258.66000 Index 1995 Q1=100 in October of 2021, according to the United States Federal Reserve. Historically, Buffalo-Niagara Falls, NY - All-Transactions House Price Index for Buffalo-Cheektowaga, NY (MSA) reached a record high of 258.66000 in October of 2021 and a record low of 37.66000 in January of 1978. Trading Economics provides the current actual value, an historical data chart and related indicators for Buffalo-Niagara Falls, NY - All-Transactions House Price Index for Buffalo-Cheektowaga, NY (MSA) - last updated from the United States Federal Reserve on March of 2025.

Housing Index in Sweden decreased to 942 points in the fourth quarter of 2024 from 943 points in the third quarter of 2024. This dataset provides - Sweden House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

Graph and download economic data for All-Transactions House Price Index for the United States (USSTHPI) from Q1 1975 to Q4 2024 about appraisers, HPI, housing, price index, indexes, price, and USA.

Housing Index in China decreased by 4.80 percent in February from -5 percent in January of 2025. This dataset provides the latest reported value for - China Newly Built House Prices YoY Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Property Price: Residential: Guangdong: Zhuhai data was reported at 21,650.577 RMB/sq m in 2022. This records a decrease from the previous number of 25,717.155 RMB/sq m for 2021. Property Price: Residential: Guangdong: Zhuhai data is updated yearly, averaging 11,760.694 RMB/sq m from Dec 2005 (Median) to 2022, with 18 observations. The data reached an all-time high of 25,717.155 RMB/sq m in 2021 and a record low of 3,779.812 RMB/sq m in 2005. Property Price: Residential: Guangdong: Zhuhai data remains active status in CEIC and is reported by Zhuhai Municipal Bureau of Statistics. The data is categorized under China Premium Database’s Price – Table CN.PE: Property Price: Residential: Prefecture Level City.

Property Price: Residential: Guangdong: Zhongshan data was reported at 12,612.262 RMB/sq m in 2022. This records a decrease from the previous number of 13,995.814 RMB/sq m for 2021. Property Price: Residential: Guangdong: Zhongshan data is updated yearly, averaging 5,811.966 RMB/sq m from Dec 2005 (Median) to 2022, with 18 observations. The data reached an all-time high of 13,995.814 RMB/sq m in 2021 and a record low of 2,694.000 RMB/sq m in 2005. Property Price: Residential: Guangdong: Zhongshan data remains active status in CEIC and is reported by Zhongshan Municipal Bureau of Statistics. The data is categorized under China Premium Database’s Price – Table CN.PE: Property Price: Residential: Prefecture Level City.

Cap rates in the U.S. multifamily real estate sector have increased significantly since 2021, reflecting a rise in borrowing costs. In 2023, the average multifamily cap rate was 5.96 percent, up 3.82 percent in 2021, when it was at its low. By 2026, the average multifamily cap rate is forecast to decline slightly, to 5.31 percent.