FHFA House Price Index Up 1.1% in October
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices in October were up 1.1% from the previous month. In addition, home prices were up 17.4% from one year ago. The FHFA produces the nation’s only public, freely available house price indexes (HPIs) that measure changes in single-family house prices based on data that cover all 50 states and over 400 American cities and extend back to the mid-1970s.
“House price levels continue to rise but the rapid pace is curtailing through October,” said Will Doerner, Ph.D., Supervisory Economist in FHFA’s Division of Research and Statistics. “The large market appreciations seen this spring peaked in July and have been cooling this fall with annual trends slowing over the last four consecutive months.”
Click here to read the full report at FHFA.gov.
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