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M REPORT | 49 O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T THE LATEST DATA loss of house-buying power may supercharge the housing market ahead of the spring home-buying season," Fleming said. "However, housing supply tends to increase in the spring months as more sell- ers list their homes for sale. While home buyers may have FOMO because of rising rates, they may not want to succumb to the fear of better options, or 'FOBO,' be- cause there may be a better home option or options when there's more homes for sale, even if it means they may pay more." Other highlights found by the report include: • Consumer house-buying power, how much one can buy based on changes in income and interest rates, increased 0.6% between October 2021 and November 2021, and increased 0.4% year over year. • Median household income has increased 4.4% since November 2020 and 68.0% since January 2000. • Real house prices are 5.6% less expensive than in January 2000. • While unadjusted house prices are now 42.7% above the hous- ing boom peak in 2006, real, house-buying power-adjusted house prices remain 33.8% below their 2006 housing boom peak. • The five states with the great- est year-over-year increase in the RHPI are: Arizona (+33.1%), South Carolina (+28.1%), Florida (+28.0%), Georgia (+27.4%), and Connecticut (+26.2%), • There were no states with a year-over-year decrease in the RHPI. • Among the Core Based Statistical Areas (CBSAs) tracked by First American, the five markets with the greatest year-over-year increase in the RHPI are: Phoenix (+34.6%), Charlotte, North Carolina (+34.0%), Tampa, Florida (+32.0%), Atlanta (+30.0%), and Jacksonville, Florida (+29.6%). • Among the Core Based Statistical Areas (CBSAs) tracked by First American, there were no markets with a year-over-year decrease in the RHPI.