According to government data released on Tuesday, the annual increase in US housing prices in October was a new low in more than 13 years, indicating that the long-term sluggish real estate market is gradually returning to affordability. According to the US Federal Housing Finance Administration, housing prices rose 1.7% in October compared to the same period last year, and the increase in September was 1.8% after being revised up. This is the lowest annual price increase since March 2012. The current increase in housing prices is only a fraction of what happened during the pandemic and when it was just over. At the time, the widely implemented work-from-home policy triggered a frenzy in the real estate market, driving housing prices to continue to soar at an annual rate of nearly 20%.

According to government data released on Tuesday, the annual increase in US housing prices in October was a new low in more than 13 years, indicating that the long-term sluggish real estate market is gradually returning to affordability. According to the US Federal Housing Finance Administration, housing prices rose 1.7% in October compared to the same period last year, and the increase in September was 1.8% after being revised up. This is the lowest annual price increase since March 2012. The current increase in housing prices is only a fraction of what happened during the pandemic and when it was just over. At the time, the widely implemented work-from-home policy triggered a frenzy in the real estate market, driving housing prices to continue to soar at an annual rate of nearly 20%.