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US annual home price growth increased by 3.04% in January, according to the ICE Home Price index. The S&P CoreLogic Case-Shiller Home Price Index illustrated home prices to have increased by 3.9% in December 2024.
Intercontinental Exchange (ICE) Head of Mortgage and Housing Market Research Andy Walden comes on the program to speak with Brad Smith about the "inflection point" becoming apparent for home prices, weighing in on mortgage rates and housing affordability.
"The other thing that's very different today than it was a year ago is that there's more homes out there available for purchase. So if you look at the market in January, there were 24%, 25% more homes available to buy in the market than there were at this time last year," Walden says.
"We're seeing the strongest inventory levels, even though we're still running a deficit, the strongest inventory levels that we've seen really in the better part of the last five years out there in the market."
Watch the full interview above to hear Andy Walden's comments about regional prices and the ways the Trump administration's policies could affect the homebuilding industry.
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This post was written by Luke Carberry Mogan.